BOSTON, Oct. 25, 2021 /PRNewswire/ — Thrasio Holdings, Inc. (“Thrasio“) today announced the initial closing of more than $1 billion in Series D financing led by Silver Lake, the global leader in technology investing, together with existing investor Advent International, which remains Thrasio’s largest shareholder. Existing investors Upper90, funds managed by Oaktree Capital Management, L.P., PEAK6 Investments and Corner Capital also participated in the round. J.P. Morgan Securities, LLC acted as exclusive financial advisor to Thrasio, while Cooley, LLP provided legal counsel.
The funding announced today is in addition to the $650 million incremental debt facility announced last month and brings Thrasio’s total funding to more than $3.4 billion. The company recently announced its three largest acquisitions ever, all of which took place in the second quarter. 2021 has seen growth accelerate, as Thrasio has acquired more than 1.5 businesses per week and has more than 200 brands in its portfolio.