PE Hub: Behind the Scenes of Wayfair’s $535m Loan from Great Hill, Charlesbank
While the public health crisis caused businesses widespread to shut their doors, Wayfair, an e-commerce provider, found itself a beneficiary of life under quarantine
An incredibly positive, 10-year relationship with Wayfair took its next step last week as Great Hill co-led a $535 convertible note financing of the company with Charlesbank. In an uncertain economic environment, Wayfair’s recent spike in sales under a new work-from-home environment have translated into strong top-line growth.
“Wayfair has the go-to-market advantage, fulfillment capabilities, and tech-enabled distribution network position the company to gain market share across any economic landscape,” as Great Hill Managing Partner Michael Kumin told peHUB. Read More (subscription to PE Hub required.)