US private equity group TPG is in talks to invest in the Lithuanian second-hand fashion platform, Vinted, according to the Financial Times, BNS reports. Under the deal, TPG would acquire several hundred million euros worth of existing shares in Vinted. The deal would value the company at EUR 5bn. Vinted has been working with US investment bank Morgan Stanley to explore options for its capital structure. Vinted, TPG, and Morgan Stanley refused to comment on the possible deal. Vinted reported a net profit of EUR 18mn in 2023, which was up from a loss of EUR 20mn in 2022. Sales increased by 61% to EUR 596mn.
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