Verdane Capital Invests in navabi

navabi, the global leader in plus size fashion, partners with Verdane Capital IX, the Nordic investor in online retail and technology enabled companies.

Verdane Capital IX has invested an 8-figure euro sum to fuel navabi’s ongoing growth. The investor is taking over all shares of Bauer Venture Partners, while investing an additional higher amount. All other previous investors – such as Index Ventures – remain on board in navabi. Verdane Capital is well-known in the online retail space, having invested in Boozt.com, known by some as the ‘Nordic Zalando’, which was successfully listed on the Nasdaq Stockholm Stock Exchange in 2017.

navabi will further use the investment to emphasise technology development, as the company’s success is significantly based on their data and automation focus. Having achieved its goal of reaching profitability during a period of growth based on this data-driven strategy, navabi plans to further grow its in-house data science and artificial intelligence systems to better serve the needs of its international customer base. Data-driven merchandising will also continue to help navabi expand its popular range of own brands.

The team at Mazars GmbH & Co. KG commented: “Within this deal, Mazars acted as financial adviser on the buy-side for Verdane Capital, a Swedish based financial investor. Thus, Mazars supported and closely advised in financial and tax matters to reduce the risk of the transaction from Verdane Capital’s perspective. Mazars benefited from its global network and could refer to experiences made in similar transactions worldwide.”

Lead Partner was Susann Ihlau, Global Head of Mazars’ Valuation Practice, supported by her experienced Düsseldorf based team, led by Hendrik Duscha (Senior Manager). Due to the unique, integrated partnership at Mazars, tax advice was given by a Berlin based Mazars tax team.