The Technology team advised ThredUp Inc. on the divestiture of its European business, Remix, in a management buyout transaction. The transaction closed simultaneously with the signing of the definitive agreement. ThredUp retains a minority interest in the Remix business following the divestiture.
ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories.
The Goodwin team was led by Nathan Hagler, Caine Moss, Bryan Quinn and Brad Weber and included Conner Pine, David Orner, Paris Gravley; Kevin Liu and Martha Schreck (intellectual property); Kelsey Lemaster and Ora Grinberg (tax); and Monica Patel (executive compensation).
For additional details on the transaction, please read the press release.