Bird & Bird has advised long standing client Farfetch (www.farfetch.com) on its $86m Series E round of investment. Farfetch is the pioneering online luxury fashion retailer, providing an online marketplace in which more than 300 of the world's best independent designer boutiques sell their products. This latest investment values the company at US$1bn.
The round was led by DST Global, an early backer of Facebook, Twitter, Airbnb and Alibaba, and supported by existing investors Vitruvian Partners and Condé Nast International.
James Maynard, Farfetch Head of Legal, commented: "The Bird & Bird venture capital team provided excellent, commercially-focussed advice. Their support and guidance were invaluable in helping us to close this transaction within the required timeframe. We look forward to continuing our successful relationship with Bird & Bird."
The Bird & Bird team was led from our London office by Corporate partner Angus Miln, assisted by Ali Ramadan, Alex Gest and Ed Coles (Corporate), Colin Kendon (Employee Incentives & Benefits) and Tim Harris (Intellectual Property).
Angus Miln commented: "Farfetch is an exciting, dynamic company with a great management team and a very bright future. We were delighted to work with Farfetch on this transaction, which showcased our market-leading Venture Capital Group's ability to partner seamlessly with Europe's most innovative and successful high-growth technology companies. We look forward to deepening our relationship with Farfetch further as it continues to expand and achieve success on a global scale."