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Fashion brand finds private equity investor
Allens has advised Zimmermann on a deal that will help the company achieve the next stage of its growth.
Felicity Nelson
Firms: Allens (Zimmermann); Allen & Overy (General Atlantic)
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Deal: General Atlantic has made a minority investment in Zimmermann.
Value: Undisclosed
Area: Private equity
Key players: The Allens team comprised partner Tom Story, associate Jasmin Last and associate Paul Dawson.
Deal significance: Equity firm General Atlantic has made an investment in fashion brand Zimmermann.
Sisters Nicky and Simone Zimmermann founded their namesake brand in Sydney in 1991. The Zimmermann founders and management team will remain majority shareholders in the company.
Commenting on the transaction, lead partner and Allens co-head of private equity Tom Story said private equity investment in brands is a growing trend.
“It is always exciting to see investment that enables an Australian company to take on its next global growth phase," said Mr Story.
“General Atlantic is well positioned to help Zimmermann accelerate the company’s expansion in the US, Europe and around the world.”
Mr Story added: “We look forward to watching Nicky, Simone and the management team continue on their journey to take the Zimmermann Australian fashion story to an even larger audience around the world."
