Allens has advised leading luxury fashion brand ZIMMERMANN on its next phase of growth with a minority investment in the brand from General Atlantic, a global growth equity firm.
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 that it was exciting to work with a high-profile luxury fashion brand positioning for further growth and expansion in the competitive global fashion industry.
'Private equity investment in dynamic 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.
'General Atlantic is well positioned to help ZIMMERMANN accelerate the company's expansion in the United States, Europe and around the world.
'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,' Tom said.
Allens legal team
Tom Story – Partner; Jasmin Last – Associate; Paul Dawson – Associate.
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Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.