
Advent buys Australian fashion brand Zimmermann

Advent International has agreed to acquire a controlling interest in Australia-headquartered fashion brand Zimmerman, facilitating a partial exit for Italy-based private equity firm Style Capital.
The size of the deal was not disclosed, but Bloomberg reported that it valued the company at approximately USD 1bn. Style Capital acquired a 69.7% stake in Zimmerman in 2021, taking out General Atlantic,...
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