Harneys advises Etsy on US$217 million deal to acquire Elo7, “the Etsy of Brazil”
29 Jul 2021
Harneys recently represented Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, in its US$217 million acquisition of Elo7, a privately held marketplace for unique, handmade items that is ranked as a top 10 ecommerce site in Brazil.
Elo7 had been referred to by Etsy CEO Josh Silverman as “the Etsy of Brazil”.
Harneys Cayman Corporate Partner, Matthew Taber, advised Etsy.