M&A Deal Summary

Etsy Acquires Depop

On June 2, 2021, Etsy acquired internet software and services company Depop for 1.6B USD

Acquisition Highlights
  • This is Etsy’s 2nd transaction in the Internet Software and Services sector.
  • This is Etsy’s largest (disclosed) transaction.
  • This is Etsy’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-06-02
Target Depop
Sector Internet Software and Services
Buyer(s) Etsy
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Weil Gotshal & Manges (Legal)

Target

Depop

London, United Kingdom
website
Depop is a community-powered fashion marketplace to buy and sell unique fashion, with approximately 30 million registered users in more than 150 countries. Depop is a place for anyone to discover and celebrate their style on their own terms, and to feel good about their fashion choices by extending the lives of millions of garments.

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Buyer(S) 1

Buyer

Etsy

Brooklyn, New York, United States

website

Category Company
Founded 2005
Sector E-Commerce
Employees2,786
Revenue 2.3B USD (2021)
DESCRIPTION

Etsy is a marketplace for vintage and hand-made goods. Etsy was incorporated in 2005 and is based in Brooklyn, New York City.

DEAL STATS #
Overall 5 of 6
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 4 of 5
Country (United Kingdom) 1 of 1
Year (2021) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Reverb.com

Chicago, Illinois, United States

Reverb.com LLC is an online marketplace dedicated to buying and selling new, used, and vintage musical instruments. Reverb.com LLC was founded in 2013 and is based in Chicago, Illinois.

Buy $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Elo7

São Paulo, Brazil

Elo7 operates a standalone marketplace for unique, handmade items. Elo7 marketplace connects approximately 1.9 million active buyers with approximately 56,000 active sellers and currently has approximately 8 million items for sale. Elo7 was founded in 2008 and is based in São Paulo, Brazil.

Buy $217M
Mergr

Product

Company

Legal