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

Zimmermann Overview

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

AustraliaSydney

Status

Acquired

Customer focus

B2C

Revenue model

Product sales

Revenue

$400M (Aug 2023)

Valuation

$1.3B (acquired Aug 2023)

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.

Zimmermann acquisition details
AcquirerDateTypePriceEV/Revenue
  • Advent International
8 Aug 2023PE buyout$1.3B3.1x

Zimmermann Funding History

Zimmermann has raised 1 funding round.

Zimmermann funding rounds
DateStageInvestorsDeal Summary
Mar 2016Undisclosed stageGeneral AtlanticZIMMERMANN, 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

Investors in Zimmermann by funding rounds participated
InvestorHQRoundsRoleFirst check

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Zimmermann Competitors

Zimmermann competitors include listed companies like Fox-Wizel, Vedant Fashions, XTEP and Salvatore Ferragamo, and private ones like Castore and Gymshark.

Public and private companies comparable to Zimmermann
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CastoreUnited KingdomLondonPrivate$253M-$1.3B5.0x
Fox-WizelIsraelIsraelPublicly listed$2.2B$444M$1.3B-
Vedant FashionsIndiaIndiaPublicly listed$152M$73M$1.2B7.6x
XTEPChinaChinaPublicly listed$2.1B$355M$1.3B0.5x
Salvatore FerragamoItalyItalyPublicly listed$1.1B$120M$1.2B1.6x
GymsharkUnited KingdomBirminghamPrivate$343M-$1.3B3.9x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fox-Wizel$2.2B$444M1.3x-6.7x-
Vedant Fashions$152M$73M7.9x7.6x16.6x18.1x
XTEP$2.1B$355M0.5x0.5x3.1x3.4x
Salvatore Ferragamo$1.1B$120M1.5x1.6x14.0x8.3x
Toread Holdings Group$207M$14M5.7x4.3x82.7x42.9x
DR Corp$228M$53M3.2x3.4x14.0x18.9x
Pearl Global Industries$525M$47M2.5x2.3x28.5x22.7x
Carter's$2.9B$203M0.6x0.6x9.0x7.7x

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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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