ENFR

The RealReal Closes $50 Million Growth Equity Financing to Continue Fueling Company Growth and Expansion

August 2017

The RealReal, the leader in authenticated luxury consignment, has closed a $50 million growth equity financing from private equity firm Great Hill Partners, bringing the company’s total funding to $173 million. Ohana & Co. acted as exclusive financial advisor to The RealReal in this transaction.

Founded in 2011, The RealReal is the leader in authenticated luxury consignment , with 5 million buyers and consignors with 4 million items sold across all luxury categories. The company has reinvented luxury resale and has changed how people think about and consume luxury goods. The RealReal provides the largest selection of pre-owned authenticated luxury items including women’s and men’s fashion, fine jewelry & watches, and fine art & home with a certified expert inspecting every single item. Consignors earn up to 70% of the sale price and items sell quickly. In 2017 alone, The RealReal is expected to pay consignors nearly $300 million from the resale of their luxury items, the majority of which, they will spend back in the primary market, continuing the luxury lifecycle. The company operates Luxury Consignment offices in six US cities that offer free fine jewelry and watch valuations from certified gemologists, as well as white glove consignment service. The new funding will be used to continue scaling the company’s operations, category expertise, and expansion of its Luxury Consignment Offices and retail concepts.

Related Transactions

Fatherly (www.fatherly.com), a digital media company addressing the needs of today’s parents, backed by Bertelsmann Digital Media Investment, WPP, Uncork, Lerer Hippeau, Crosslink and others, was acquired by Some Spider Studios, the parent company of Scary Mommy and The Dad, backed by NEA and its founders, Vinit Bharara and Marc Lore. We advised Fatherly on this “all in NYC” transaction.  Michael Rothman, former CEO of Fatherly and now EVP at Some Spider said: "Laurent Ohana's experience as a lawyer, investor and entrepreneur all came into play as he helped us navigate this transaction, which has provided the company, our employees and shareholders with a very positive outcome."

Read more

The investment fund Contrarian Capital (USA), has made an investment in the hair care group, Eugene Perma (France, Spain, Italy). Ohana & Co. acted as the exclusive financial advisor to Contrarian Capital.

Read more

Delta Galil Industries, Ltd. (TLV:DELT), a global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear and active wear, has acquired the P.J. Salvage brand and other assets of California-based Loomworks Apparel, Inc., a leading sleepwear, loungewear and intimates manufacturer and distributor with an international following. P.J. Salvage is widely known for chic style and luxury fabrics, and pioneered the crossover of bedroom fashion into loungewear and everyday wear. The brand’s meticulous attention to detail, superior quality, rich fabrics and flattering fit have made P.J. Salvage a favorite among celebrities and the fashion-minded. Its “California cool” sensibility is featured in leading high-end department store chains and specialty boutiques. Since its inception in 1975, Delta Galil has continually strived to create products that follow a body-before-fabric philosophy, placing equal emphasis on comfort, aesthetics and quality. The company generates sales of over $1 billion dollar. Ohana & Co. acted as the exclusive financial advisor to Delta Galil Industries.

Read more