LONDON, United Kingdom — MatchesFashion has been acquired by private equity firm Apax Partners at a reported $ 1 billion valuation.
The news follows reports of a fierce bidding war for the luxury e-tailer, which attracted interest from Apax, Bain Capital, KKR and Permira.
The founders, Tom and Ruth Chapman, as well as existing venture capital backers Scottish Equity Partners (SEP) and Highland Europe, will retain minority stakes in the business.
“We are delighted th…
The Business of Fashion