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  3. Harneys advises Etsy on US$217 million deal to acquire Elo7, “the Etsy of Brazil”

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.

Authors

Matt Taber
Partner | Cayman Islands