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New Deal


Announced

thredUP to acquire Remix for $28m.

Financials

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Transaction Value£20m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

fashion retailer

Friendly

Pending

Acquisition

Single Bidder

Majority

Cross Border

Bulgaria

Apparel Retailers

Synopsis

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thredUP, an online resale platform for women and kids apparel, shoes, and accessories, agreed to acquire Remix, an operator of fashion resale company, for $28m. "Lyubomir and his team have built a strong, lean, customer-first business, and they know how to deliver resale operationally across multiple markets in Europe. We're bullish about the massive opportunity in the European resale market and are thrilled about the chance to build on Remix's technology and operational expertise to help accelerate its growth," James Reinhart, thredUP Co-Founder and CEO.

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