M&A Deal Summary

Advent International Acquires Zimmermann

On August 8, 2023, private equity firm Advent International acquired apparel/textiles company Zimmermann from STYLE CAPITAL SGR

Acquisition Highlights
  • This is Advent International’s 7th transaction in the Apparel/Textiles sector.
  • This is Advent International’s 1st transaction in Australia.

M&A Deal Summary

Date 2023-08-08
Target Zimmermann
Sector Apparel/Textiles
Buyer(s) Advent International
Sellers(s) STYLE CAPITAL SGR
Deal Type Secondary Buyout

Target

Zimmermann

Rosebery, Australia
Zimmermann is a global luxury fashion brand that designs and sells iconic Ready-To-Wear and Swim & Resort collections through its online platform and own retail stores, as well as select department stores, boutiques, and online fashion retailers. Zimmermann was founded in 1991 and is based in Rosebery, Australia.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 332 of 353
Sector: Apparel/Textiles M&A 7 of 7
Type: Secondary Buyout M&A Deals 54 of 58
Country: Australia M&A 1 of 2
Year: 2023 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-08 Quest Global Services

Singapore , Singapore

Quest Global Services is a global engineering solutions provider with a proven track record of serving the product development & production engineering needs of high technology companies. Quest Global Services was founded in 1997 and is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Grupo CRM

São Paulo, Brazil

Grupo CRM is a premium chocolate producer with established brands such as Kopenhagen and Chocolates Brasil Cacau and Kop Koffee and has a state-of-the-art manufacturing plant in Extrema, Minas Gerais, in the southeast of Brazil. Grupo CRM is based in São Paulo, Brazil.

Sell -

Seller(S) 1

SELLER

STYLE CAPITAL SGR

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 230M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Style Capital SGR SpA is a private equity firm focused on acquiring and supporting small to mid-sized fashion and consumer oriented companies in Italy. The Firm will consider minority or majority positions and targets companies with €20 to €200 million of revenue. Style Capital was formed in 2005 and is headquartered in Milan.


DEAL STATS #
Overall 2 of 2
Sector: Apparel/Textiles M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 LuisaViaRomaGo

Firenze, Italy

LuisaViaRomaGo specializes in digital fashion & luxury, one of the main global operators. LuisaViaRomaGo was founded in 1929 and is based in Firenze, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 Soeur

Aix-en-Provence, France

Soeur designs a simple, elegant and authentic parisian fashion line for girls and women. Soeur was founded in 2008 and is based in Aix-en-Provence, France.

Buy -