Vinted Group said Monday it has completed an 880 million euro secondary share transaction that values the company at 8 billion euros.
The deal involved both new and existing investors, with major participants including EQT, Schroders Capital and Teachers’ Venture Growth, part of the Ontario Teachers’ Pension Plan.
The company said the transaction reflects its strong growth and profitability, driven by its peer-to-peer marketplace model supported by integrated shipping and payments infrastructure.
EQT increased its stake in the company, while Teachers’ Venture Growth and Schroders Capital joined as new shareholders. Schroders Capital had previously held an indirect investment in Vinted since 2018.
Other participants in the deal included funds and accounts managed by BlackRock, as well as Lombard Odier Investment Managers and Pinegrove Opportunity Partners. Existing investor Baillie Gifford also increased its investment.
“This transaction validates the value we have created and allows employees to share in it,” CEO Thomas Plantenga said in a statement. “It also provides liquidity to investors, continuing a practice we have followed at each funding stage since 2015.”
Goldman Sachs International acted as the sole arranger of the transaction, while Cooley advised Vinted on legal matters.
Vinted said the total value of goods sold on its platform rose 47% to 10.8 billion euros. Revenue reached 1.1 billion euros, while net profit totalled 62 million euros. The company operates in 26 markets.
The transaction did not involve raising new primary capital, the company said.
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