Advent-Backed Retailer Thrasio Raises $500 Million in Debt Deal

Thrasio, an acquirer of private-label businesses on Amazon.com Inc., has raised $500 million in a senior debt facility.

The transaction was led by JPMorgan Chase & Co., Goldman Sachs Group Inc.’s asset management arm and Royal Bank of Canada, according to a statement. Thrasio is valued at at least $3 billion in the deal, said people familiar with the matter, who asked not to be identified because the information was private.

A representative for Thrasio didn’t immediately respond for a request for comment on the company’s valuation.

Thrasio generated more than $100 million in profit ...