M&A Deal Summary

Coupang Acquires Farfetch

On December 18, 2023, Coupang acquired e-commerce company Farfetch from Vitruvian Partners

Acquisition Highlights
  • This is Coupang’s 1st transaction in the E-Commerce sector.
  • This is Coupang’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2023-12-18
Target Farfetch
Sector E-Commerce
Buyer(s) Coupang
Sellers(s) Vitruvian Partners
Deal Type Add-on Acquisition

Target

Farfetch

London, United Kingdom
Farfetch is an online destination for luxury fashion, bringing together the world’s best boutiques in a single location. Farfetch is based in London, England.

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Buyer(S) 1

Buyer

Coupang

Seoul, South Korea
Category Company
Founded 2010
Sector E-Commerce
Employees78,000
Revenue 24.4B USD (2023)
DESCRIPTION

Coupang is an e-commerce operator making the mobile and providing cutting-edge shipping services. Coupang offers fashion apparel, beauty products empowering sellers to arrive buyers and increment their online market. Coupang was founded in 2010 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 2
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 CalmSea

Mountain View, California, United States

CalmSea, Inc. offers social customer analytic to digital marketers.

Buy -

Seller(S) 1

SELLER

Vitruvian Partners

London, United Kingdom
Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.

DEAL STATS #
Overall 21 of 22
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 8 of 9
Country (United Kingdom) 17 of 17
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Snow Software

Solna, Sweden

Snow Software is a provider of software asset management ("SAM") solutions. The company's products help both private and public sector organizations in managing their software spend. Snow's solutions further enable IT departments to free up valuable time through automating a number of time-consuming tasks and optimize returns on new software investments. Snow Software was founded in 1997 and is based in Solna, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-26 ObjectiveHealth

Franklin, Tennessee, United States

ObjectiveHealth is an integrated research provider, partnering with physicians and healthcare organizations on one side, and pharmaceutical companies and CROs on the other side, to establish an advanced infrastructure for research programs as a natural extension of patient care. The company delivers significant advances in the facilitation of clinical trial recruitment and conduct of clinical research, benefiting clients and practice partners while providing broader care options for patients. ObjectiveHealth is based in Franklin, Tennessee.

Buy -
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