Berlin Brands Group has secured 700 million dollars (590 million euros) of additional debt and equity financing. The millions of euros were raised for the acquisition of eCommerce brands and the development of an international logistics network.
Berlin Brands Group, or BBG, is one of many Amazon seller acquisition companies in Europe, but it’s probably the biggest. By bringing on board Bain Capital, which acquired a minority stake from Ardian, BBG has become the latest unicorn in Europe. The majority of the shares are still held by CEO and founder Peter Chaljawski and the executive team.
Read more: https://ecommercenews.eu/berlin-brands-group-raises-e590-million-becomes-unicorn/
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