Barcelona-based startup Colvin has closed the acquisition of Monsieur Marguerite, one of France’s leading online flower and plant platforms. The price of the transaction has not been disclosed.
This way, Colvin takes control of one of its French competitors just six months after raising €45 million in a Series C financing round. In this way, it will make its debut in a market where it had no presence until now, and Monsieur Marguerite will expand its business in France with the funds of its new owner.
The company, led by Sergi Bastardas and Andrés Cester will expand its presence in Europe, where it currently operates in Spain, Portugal, Germany and Italy. In addition, the agreement will allow Monsieur Marguerite to boost the growth of its business thanks to Colvin’s experience and resources.
The GA_P Corporate and M&A team advising Colvin was formed by partner Alex Pujol and trainees Irene Romero and Monica Martells.