Goldman Sachs and Wamda Capital completed the acquisition of a minority stake in Modanisa.

Goldman Sachs and Wamda Capital completed the acquisition of a minority stake in Modanisa, a fashion online retailer. Financial terms were not disclosed. "We are thrilled to participate alongside Goldman Sachs in this investment. We’ve been early investors in Modanisa and this latest round is a testament to the ability of the team to build a global business from our region. This latest investment will help drive growth and cement Modanisa’s position as the leading destination for modest fashion with a truly global footprint," Khaled Talhouni, Wamda Capital Partner.