News

Global Fashion Group closes €330 million private placement

October 20, 2016

London - Paul Hastings LLP, a leading global law firm, announced today that it advised Global Fashion Group, a portfolio company of Kinnevik and Rocket Internet, on its private placement of €330 million convertible preference shares to a group of 21 existing shareholders of the company.

As the leading online fashion retailer in the emerging markets, Global Fashion Group has a presence in 27 countries, employs more than 10,000 people worldwide and serves over 10 million customers per year.

The Paul Hastings team was led by partner

Peter Schwartz

, assisted by associates

and

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.