Private equity firm Advent International has acquired a majority stake in Zimmermann, in a transaction valuing the Australian fashion brand at $1.5 billion to $1.75 billion. It represents the highest-ever valuation of an Australian fashion brand.
Advent will acquire the shareholding from Italian firm Style Capital, which purchased what was estimated to be a 70 per cent stake in 2016 from American private equity firm General Atlantic.
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Lauren Sams is the fashion editor, based in Sydney. She writes about lifestyle including the arts, entertainment, fashion and travel. Lauren has worked as a features editor and fashion journalist for ELLE, marie claire and more. Email Lauren at lauren.sams@afr.com
