General Atlantic-backed Privalia acquires Palamon's Dress for Less

This latest investment will be used to finance the acquisition of a major German online fashion retailer, Dress for Less (DfL), representing an exit for pan-European private equity firm Palamon Capital Partners that had originally acquired DfL in December 2007.

The acquisition has also been funded by a debt facility and shares, and as a result, DfL founders and managing partners Mirco Schultis and Holger Hengstler will become significant stakeholders in Privalia.

Privalia raised €70m in funding from General Atlantic, Index and Highland last October.

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• Topics
• Southern Europe
• DACH
• Exits
• Expansion
• Consumer
• Acquisition finance