Deal: Style Capital has purchased a majority stake in Zimmermann.

Value: Undisclosed.

Area: M&A, banking and finance.

Key players: The legal team advising Zimmermann was led by M&A partner Tom Story, with assistance from senior associate Tom Hall, senior overseas practitioner Mareli Vermeulen, associate Elise Blume and lawyer Nicola Borton.

Banking and finance partners Tim Stewart and Alan Maxton, managing associate Morgan Phelan and associate Claudia Gherman-Buzas also assisted in the transaction.

Deal significance: Zimmermann is a luxury fashion label founded by Nicky and Simone Zimmermann, while Style Capital is a Milan-based private equity sponsor.

The sale of the majority stake sees Zimmermann as well as chief executive Chris Olliver retain an interest in the company.

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The sale sees General Atlantic, which acquired a minority interest in Zimmermann in 2016, exit the business.

“We are delighted to have continued our work with Zimmermann and its shareholders to achieve this outcome, having previously advised the shareholders on the investment by private equity firm General Atlantic,” said Mr Story.

“As an adviser, it is immensely rewarding to see Zimmermann’s international success story unfold. We look forward to seeing what comes next.”