Stock Groups

Private equity firm Silver Lake leads $1 billion investment in Thrasio -Breaking

by Mike Robinson

[ad_1]

© Reuters.

(Reuters] – Thrasio Holdings Inc., an entity that acquires third-party Amazon.com Inc sellers (NASDAQ:), announced Monday that it has raised $1 million in a round of funding led by Silver Lake.

Silver Lake, an investment company in the technology sector, was founded by Thrasio’s largest shareholder Advent International and its existing investors Oaktree Capital Management (Oaktree Capital Management), Upper90, PEAK6, Corner Capital, and Corner Capital.

Thrasio, a U.S-based startup, has increased its total funding by $3.4 billion with this latest round and the $650m debt facility it announced in September.

Bloomberg reported that Thrasio had been in discussions to merge with ex-company. Citigroup (NYSE:) executive Michael Klein’s blank-check firm. CNBC reported that the deal was canceled due to problems in Thrasio’s financial audits and changes in company leadership.

Thrasio owned over 200 brands by August. In September, the company added more camping equipment and bedding labels to its product portfolio.

 

 

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most dangerous investment options.



[ad_2]