Advent Acquires Iconic Australian Fashion Brand Zimmermann in Landmark $1 Billion Deal — Retail Bum

Private equity firm Advent International has acquired a controlling interest in Zimmermann from both the founding family and Italy’s Style Capital.

According to insiders, the transaction values the Australian fashion brand at more than $1 billion.

Advent’s investment in Zimmermann is indicative of its growing interest in the retail and consumer goods domain. The company has previously made investments in various well-known brands. These include lululemon, celebrated for its sports clothing; fragrance brands Parfums de Marly and Initio Parfums Privés; and involvement with beauty retailer Douglas, along with makeup labels such as bareMinerals, BUXOM, and Laura Mercier.

While the specific financial details were not made public, two individuals familiar with the situation indicated that the deal assessed the brand at approximately 14 times its fundamental earnings, equating to approximately $1.15 billion.

Zimmermann reportedly generates around $260 million in revenue and maintains a core profit margin exceeding 30%, as per the sources.

Advent’s investment is poised to accelerate Zimmermann’s international growth, particularly in Asia and the Middle East. Additionally, it will…