Summary by Moomoo AI
On January 30, 2024, Coupang, Inc., a leading e-commerce company, completed the strategic acquisition of the luxury fashion online marketplace Farfetch Holdings plc. This acquisition was facilitated through a limited partnership, Surpique LP, established by Coupang and Greenoaks Capital Partners, LLC. The partnership had previously provided Farfetch with a bridge loan facility of $150 million, which was 80.1% funded by Coupang and 19.9% by Greenoaks. The acquisition process included a marketing phase and the appointment of administrators from AlixPartners UK LLP, culminating in the signing of a Sale and Purchase Agreement. Surpique LP contributed approximately $300 million to Farfetch, consisting of cash and the termination of the bridge loans. Additionally, Surpique LP committed to providing up to $200 million more for the working capital and general...Show More