Allens has advised the shareholders of luxury fashion brand ZIMMERMANN on the sale of a majority shareholding to Advent International.
Under the terms of the acquisition, Advent will acquire a majority shareholding in ZIMMERMANN from Style Capital, who together with the Zimmermann family, will retain a significant minority shareholding.
'We are delighted to have continued our role with ZIMMERMANN and its shareholders, having previously advised the shareholders on the investments by US private equity firm General Atlantic in 2016 and Italian private equity firm Style Capital in 2020,' said lead Partner Tom Story.
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