Thrasio, a Walpole, Mass.-based acquirer of Amazon third-party private-label businesses, is in talks to go public via Churchill Capital V (NYSE: CCV), a SPAC led by Michael Klein, per Bloomberg. The implied valuation could top $10 billion.
Why it matters: This comes just days after Congress introduced a bipartisan bill that would break apart Amazon's control of its marketplace, thus benefiting the sorts of sellers that Thrasio rolls up.
Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free
OI: Thrasio has raised around $2 billion from firms like Advent International, Peak6 Investments, Oaktree Capital Management, Upper90, WTI and River Park Ventures.
The bottom line: "Thrasio buys brands for everyday products from small business owners for a typical purchase price of more than $1 million. It then operates the brand with upgraded marketing, product development and supply chain management." — Bloomberg
Like this article? Get more from Axios and subscribe to Axios Markets for free.