M&A Deal Summary

Etsy Acquires Reverb.com

On July 22, 2019, Etsy acquired e-commerce company Reverb.com from Summit Partners for 275M USD

Acquisition Highlights
  • This is Etsy’s 2nd transaction in the E-Commerce sector.
  • This is Etsy’s 2nd largest (disclosed) transaction.
  • This is Etsy’s 3rd transaction in the United States.
  • This is Etsy’s 1st transaction in Illinois.

M&A Deal Summary

Date 2019-07-22
Target Reverb.com
Sector E-Commerce
Buyer(s) Etsy
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 275M USD

Target

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.

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Buyer(S) 1

Buyer

Etsy

Brooklyn, New York, United States

Category Company
Founded 2005
Sector E-Commerce
Employees2,420
Revenue 2.7B USD (2023)
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 4 of 6
Sector (E-Commerce) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Blackbird Technologies

Herndon, Virginia, United States

Blackbird Technologies is a provider of persistent surveillance, secure tactical communications and cybersecurity solutions to the Intelligence Community (IC) and special operations market.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Depop

London, United Kingdom

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.

Buy $1.6B

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 240 of 285
Sector (E-Commerce) 2 of 2
Type (Add-on Acquisition) 108 of 127
State (Illinois) 9 of 9
Country (United States) 214 of 246
Year (2019) 7 of 8
Size (of disclosed) 21 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Healthline Networks

San Francisco, California, United States

Healthline Networks, Inc. is one of the fastest-growing consumer health information sites, Healthline.com advances Healthline's mission is to be users' most trusted ally in their pursuit of health and well-being. Healthline provides socially inspired, medically reviewed and data-driven content to help us all live stronger, healthier lives.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 Abode Healthcare

Durango, Colorado, United States

Abode Healthcare provides a full spectrum of home health and hospice services in attractive, growing markets across the United States. Abode’s service offerings are thoughtfully tailored to patients and families, with focused attention given to individual needs and preferences. Abode Healthcare was formed in 2012 and is based in Durango, Colorado.

Buy -