PE-Backed Privalia Buys Germany’s Dress for Less

Online fashion retailer Privalia is buying Germany’s Dress for Less in an effort to expand its internet clothing business, Reuters reported, estimating the value of the deal between 150 million and 200 million euro ($210-280 million). Financial terms of the deal were not released, though Privalia has said that it’s raising 88 million euros ($123 million) for the deal from private equity firms General Atlantic, Highland Capital Partners, Index Ventures and Insight Venture Partners, Reuters wrote.