Showroomprivé.com in €260 Million IPO

November 2, 2015

Cleary Gottlieb represented Showroomprivé.com in its initial public offering, which priced on October 29 and closed on November 2. The IPO consisted of a primary offering of approximately €50 million and a secondary offering of approximately €176 million by the company’s founders, entities affiliated with Accel Partners and Kilwa Investment, which may be increased to approximately €210 million if the greenshoe is exercised in full. Concurrently with the global offering, Vipshop International Holdings Limited, an affiliate of Vipshop Holdings Limited, purchased approximately €30 million in additional secondary shares as a cornerstone investment. Cleary Gottlieb also represented Showroomprivé.com in connection with such cornerstone investment. Goldman Sachs and Deutsche Bank acted as Joint Global Coordinators and Joint Bookrunners. BNP Paribas and Société Générale acted as Joint Bookrunners.

Showroomprivé.com is an innovative and rapidly-growing online fashion retailer, with operations in France, its principal market, and eight other European countries. With roots in both fashion sales and online marketing, Showroomprivé.com seeks to re-invent the way women discover and shop for high street fashion through its engaging private sales format. By the end of 2014, the Group had attracted 20.2 million members to its platform and it generated net revenues of €349.8 million in 2014.