PARIS – Dechert advised Vitruan Partners in connection with its fund raising for Vestiaire Collective.

Vestiaire Collective a second-hand market specializing in the sale of luxury products between private individuals, announced on January, 24th 2017 a €58 million fund raising from Vitruvian Partners, as well as current shareholders Eurazeo and Indinvest.

Since its launch in October 2009, Vestiaire Collective has focused on five key European markets: France, United Kingdom, Germany, Spain and Italy. The company has accumulated €116 million financing from an investors pool. In September 2015, the firm reached an impressive amount up to €33 million. 65% of its turnover is generated out of France.

The company plans to use these funds in order to further expand internationally, focusing in the United States and Asia.

Vitruan Partners was advised by Dechert LLP, with a team led by corporate partner Matthieu Grollemund, supported by associates Quentin Durand and Pierre-Henri Brieau.