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- Zimmermann
Zimmermann Acquisition, Valuation, Funding & Investors
Zimmermann was acquired by Advent International for $1.3B in August 2023, a 3.1x multiple on $400M of revenue.
Zimmermann acquisition price
$1.3B
Acquired by Advent International · Aug 2023
Zimmermann revenue at acquisition
$400M
Last twelve months · Aug 2023
Zimmermann revenue multiple at acquisition
3.1x
EV/Revenue · Aug 2023
Key investors in Zimmermann
General Atlantic
About Zimmermann
Zimmermann is a Sydney-based luxury fashion brand offering ready-to-wear collections, swimwear, resort wear, and accessories. The Australian label designs feminine dresses, bohemian prints, and tailored pieces sold through boutiques in Australia, the United States, Europe, and Asia. Zimmermann operates flagship stores in Bondi, New York, London, and Tokyo since expanding internationally in the early 2000s.
Founded
1991
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Revenue
$400M (Aug 2023)
Valuation
$1.3B (acquired Aug 2023)
Sectors
Zimmermann Acquisition
Zimmermann was acquired by Advent International for $1.3B on 8 August 2023.
The acquisition price implies a 3.1x revenue multiple on $400M of revenue.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 8 Aug 2023 | PE buyout | $1.3B | 3.1x |
Zimmermann Funding History
Zimmermann has raised 1 funding round.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Mar 2016 | Undisclosed stage | General Atlantic | ZIMMERMANN, the Australian luxury fashion brand, announced a minority investment from General Atlantic on 4 March 2016 to accelerate expansion in the United States, Europe and elsewhere. Sisters Nicky and Simone Zimmermann founded the brand in Sydney in 1991. Plans include new store openings, selective wholesale partnerships and e-commerce in the United States, Europe and the rest of the world. Creative director and co-founder Nicky Zimmermann said the company was thrilled to have General Atlantic join as it builds a global luxury brand from Australia, and chief executive Chris Olliver cited the opportunity to partner with a globally minded firm. Andrew Ferrer, a principal on General Atlantic's global retail and consumer team in New York, said the brand's aesthetic and design vision give it significant opportunity to expand across all channels and geographies. The investment came from a sector team led by Andrew Crawford. |
Who has invested in Zimmermann?
1 investor has backed Zimmermann across its funding rounds, including General Atlantic.
Zimmermann Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Zimmermann investors. Start Free Trial | ||||
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Start Free TrialZimmermann Competitors
Zimmermann competitors include listed companies like Fox-Wizel, Vedant Fashions, XTEP and Salvatore Ferragamo, and private ones like Castore and Gymshark.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $253M | - | $1.3B | 5.0x | ||
| Publicly listed | $2.2B | $444M | $1.3B | - | ||
| Publicly listed | $152M | $73M | $1.2B | 7.6x | ||
| Publicly listed | $2.1B | $355M | $1.3B | 0.5x | ||
| Publicly listed | $1.1B | $120M | $1.2B | 1.6x | ||
| Private | $343M | - | $1.3B | 3.9x |
Zimmermann Public Comps
Zimmermann is no longer listed, but its public comps include Fox-Wizel, Vedant Fashions, XTEP, Salvatore Ferragamo, Toread Holdings Group, DR Corp, Pearl Global Industries, Carter's, G-III Apparel Group and Wacoal Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.2B | $444M | 1.3x | - | 6.7x | - | |||
| $152M | $73M | 7.9x | 7.6x | 16.6x | 18.1x | |||
| $2.1B | $355M | 0.5x | 0.5x | 3.1x | 3.4x | |||
| $1.1B | $120M | 1.5x | 1.6x | 14.0x | 8.3x | |||
| $207M | $14M | 5.7x | 4.3x | 82.7x | 42.9x | |||
| $228M | $53M | 3.2x | 3.4x | 14.0x | 18.9x | |||
| $525M | $47M | 2.5x | 2.3x | 28.5x | 22.7x | |||
| $2.9B | $203M | 0.6x | 0.6x | 9.0x | 7.7x | |||
This data is available for Pro users. Sign up to see all Zimmermann competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Zimmermann
| When was Zimmermann founded? | Zimmermann was founded in 1991. |
| Where is Zimmermann headquartered? | Zimmermann is headquartered in Sydney, Australia. |
| Is Zimmermann publicly listed? | No, Zimmermann was acquired by Advent International in August 2023. |
| Who acquired Zimmermann? | Zimmermann was acquired by Advent International in August 2023. |
| How much was Zimmermann acquired for? | Zimmermann was acquired for $1.3B in August 2023, a 3.1x revenue multiple. |
| What was Zimmermann's last funding round? | Zimmermann's last funding round was a undisclosed-stage round in March 2016. |
| Who are Zimmermann's investors? | Zimmermann's investors include General Atlantic. |
| Which companies are comparable to Zimmermann? | Companies comparable to Zimmermann include Castore, Fox-Wizel, Vedant Fashions, XTEP, Salvatore Ferragamo and Gymshark. |
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