King & Wood Mallesons (KWM) is advising Milan-based private equity sponsor, Style Capital, on its investment in the Zimmermann fashion business. The label was founded in Sydney at the Paddington markets in 1991 by sisters Nicky and Simone Zimmermann.
Style Capital is a private equity investor focused on the lifestyle sector. Its current portfolio includes fashion investments in brands such as Forte_Forte, Re/Done and MSGM.
The KWM team advising Style Capital was led by partners Mark McNamara, Elizabeth Hundt Russell and Scott Bouvier and supported by senior associates Genovieve Lajeunesse, Dan Flanagan and Melissa Miller.
Commenting on the transaction,
Style Capital CEO Roberta Benaglia said "I consider this partnership with Zimmermann a real privilege for Style Capital. In recent years, I have followed the brand's growth path with admiration, thinking how brave and talented these two Australian sisters have been in taking their luxury vision from Australia to the rest of the world. Our aim is to invest in talented people and their brands."
Head of KWM's private equity team Mark McNamara said "The Zimmermann fashion label is a highly successful Australian fashion brand that has grown to occupy a unique and highly desirable position in Australia and offshore. We were delighted to be working with Style Capital on this important transaction in the fashion industry and look forward to continuing our partnership with them and the Zimmermann team in the years to come."
