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Announced

Completed

General Atlantic led a €100m Series C funding round in Chrono24.

Financials

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Transaction Value£84m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Clothing and Accessories

Acquisition

Completed

Minority

Private

Private Equity

watches

Cross Border

Germany

Friendly

Synopsis

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General Atlantic, an American growth equity firm providing capital and strategic support for global growth companies, led a €100m Series C funding round in Chrono24, a global digital marketplace for new and pre-owned luxury watches. Additon investors include Aglae Ventures, Insight Partners and Sprints Capital. "Since its establishment in 2003, Karlsruhe-based Chrono24 has become a global pioneer in the creation of a cross-border online marketplace for luxury watches, with an innovative model underpinned by transparency and sustainability. We are pleased to support Chrono24 with our capital and expertise in its ongoing global expansion," Jörn Nikolay, General Atlantic Managing Director.

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