NotSoLiquid (acquired by Bryan Garnier)’s Post

🚀 Company-Led Secondaries: It's on ! 🚀 Vinted, Moneybox, Monzo… These companies have recently jumped on the company-led secondaries bandwagon, and they’re not alone! Look at the numbers: - Vinted did a secondary round of €340 million, leading its valuation to €5 billion. - Moneybox completed a secondary transaction of £70 million, pushing its valuation to $550 million. - Monzo executed a secondary sale two weeks ago, bringing its valuation to $5.9 billion. Let's not forget Revolut, GoCardless, BackMarket and many other recent exemples of massive liquidity events.  Is there an after-party we don’t know about? Why is everyone suddenly doing this? 🎉 Today, we’re unveiling the reasons behind this new trend: 1️⃣ Bringing in Strategic Partners: New strategic partners can be brought in without the need for a costly and time-consuming primary round. Instant captable level up with minimal work in the perspective of the next major round or upcoming IPO. 🎮 2️⃣ Cap Table Cleanup: If investors are no longer engaged in your project, it’s better to let them exit rather than having them sell their shares immediately after the IPO lock-up period ends. It’s like cleaning up your browser history before lending your laptop – no surprises allowed! 💻 3️⃣ Controlled Liquidity: Avoiding wild liquidity by managing shareholder exits in a controlled manner. Because no one likes surprises, especially when they disrupt the peace of your cap table. 🦁 So, ready to ride the company-led secondaries wave? 🌊 At Bryan, Garnier & Co we can help companies navigate these transactions. Don’t hesitate to contact us if you want to join the club! 🤫 cc: Marie Cocagne-Masnada Pierre H Leroy 🌒 Ramsey Daunch