Secondhand trend market Vinted needs to amass competitor Rebelle. The corporate supplied 30.2 million euros for the acquisition. The deal obtained a constructive response from fee members and shareholders of Rebelle.

Vinted is a web based platform to purchase and promote pre-owned clothes, which was based in Lithuania. Rebelle can be a secondhand trend market from Germany, providing largely luxurious manufacturers. Vinted has been increasing its enterprise not too long ago, launching a logistics arm and on-line delivery platform. At first of this 12 months, Rebelle went public, valued at almost 60 million euros.

Over 90% of shares

Vinted launched the information in a press launch. For the takeover, Vinted is obtainable 1.35 euros per share. With 22.4 million shares of Rebelle, this comes right down to a complete of 30.2 million euros.

Vinted supplied 30.2 million euros with 1.35 euros per share.

The corporate says it needs to personal over 90 % of Rebelle’s shares as a part of the deal. An appointed committee of Rebelle responded positively to the provide, in keeping with Vinted, in addition to shareholders that collectively symbolize 65 % of shares.

‘More and more aggressive panorama’

In a separate press assertion, Rebelle’s committee says ‘it might be doable to appreciate its long run technique on a stand-alone foundation’. Nonetheless, this might require consolidation, mergers and acquisitions in an ‘more and more extra aggressive enterprise panorama for on-line second hand trend marketplaces’.

“The committee recommends Rebelle to simply accept the provide.”

The committee writes: “(…) particularly in relation to the Gives rapid advantages of a money consideration within the quick time period, the Unbiased Committee unanimously recommends the shareholders of Rebelle to simply accept the Provide.”

Rebelle to stay separate platform

With a doable takeover, Vinted is planning a mix of each organizations. This implies Rebelle will stay a separate platform with current administration and workers staying on. The precise plans will kind as soon as the deal is accepted, although. The proposition expires on the nineteenth of August.

“Combining Rebelle’s experience and Vinted’s attain.”

“As an business peer, we’ve adopted Rebelle for a few years and are impressed with their providing and what they’ve achieved within the luxurious phase,” says CEO Thomas Plantenga of Vinted. “By combining Rebelle’s experience on this phase with Vinted’s geographical attain and huge member base, we see nice potential to create a strengthened worth proposition for shoppers, and in the end help elevated uptake of second-hand.”

Vinted at the moment has over 65 million members and operates in 16 markets in Europe and North America.

By Piszz