Advent International to acquire a majority stake in Zimmermann from Style Capital

Mediobanca acted as sell side advisor to all shareholders of Zimmermann in the disposal of a majority stake from Style Capital.

On 8 August 2023, Advent International (“Advent”), one of the world’s largest and most experienced private equity investors, announced that it has reached an agreement to acquire a majority shareholding in ZIMMERMANN, one of the most attractive luxury fashion brand of the moment.

Founded by sisters Nicky and Simone Zimmermann and headquartered in Sydney, Australia, ZIMMERMANN has grown into a globally recognized iconic luxury fashion brand.

Under the terms of the acquisition, Advent will acquire a majority shareholding in ZIMMERMANN from Style Capital, who together with the Zimmermann family, will retain a significant minority shareholding. The founders and the ZIMMERMANN management team will continue to drive the brand’s future growth.

The investment from Advent will enable ZIMMERMANN to build on its strong multi-decade performance, by accelerating the brand’s international expansion in existing and new key luxury markets, such as Asia and the Middle East, to further grow its product categories and accessories, and strengthen its online and omni-channel presence. Advent will leverage its considerable experience within the consumer sector.

Style Capital acquired ZIMMERMANN in November 2020. During its ownership, revenues have grown from A$220m to >A$500m in 2023.

Mediobanca played a crucial role in the origination and execution of this landmark Transaction leveraging its relationship with Style Capital and Advent.

Mediobanca acted as sell side advisor to all shareholders of Zimmermann.

This transaction represents: 

  • a further demonstration of Mediobanca strong ability in managing flagship cross-border transactions involving both entrepreneurs and large financial sponsors;
  • an additional reinforcement of Mediobanca absolute expertise in the fashion and branded space;
  • an example of successful collaboration between Mid Corporate & Sponsor Solutions and Branded & Luxury Goods teams