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Global Fashion Group closes €330 million private placement

London - Paul Hastings LLP, a leading global law firm, announced today that it advised Global Fashion Group, a portfolio company of Kinnevik and Rocket Internet, on its private placement of €330 million convertible preference shares to a group of 21 existing shareholders of the company.

As the leading online fashion retailer in the emerging markets, Global Fashion Group has a presence in 27 countries, employs more than 10,000 people worldwide and serves over 10 million customers per year.

The Paul Hastings team was led by partner Peter Schwartz, assisted by associates Corey Blake, Albert Aharonian, Alicia Veglia and Eve Breda.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.