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Style Capital acquires majority Zimmermann stake
International law firm Allens has advised Zimmermann shareholders on the sale of a majority stake to Style Capital.
Emma Musgrave
Firm: Allens (Zimmermann).
Value: Undisclosed.
Area: M&A, banking and finance.
Key players: The legal team advising Zimmermann was led by M&A partner Tom Story, with assistance from senior associate Tom Hall, senior overseas practitioner Mareli Vermeulen, associate Elise Blume and lawyer Nicola Borton.
Banking and finance partners Tim Stewart and Alan Maxton, managing associate Morgan Phelan and associate Claudia Gherman-Buzas also assisted in the transaction.
Deal significance: Zimmermann is a luxury fashion label founded by Nicky and Simone Zimmermann, while Style Capital is a Milan-based private equity sponsor.
The sale of the majority stake sees Zimmermann as well as chief executive Chris Olliver retain an interest in the company.
The sale sees General Atlantic, which acquired a minority interest in Zimmermann in 2016, exit the business.
“We are delighted to have continued our work with Zimmermann and its shareholders to achieve this outcome, having previously advised the shareholders on the investment by private equity firm General Atlantic,” said Mr Story.
“As an adviser, it is immensely rewarding to see Zimmermann’s international success story unfold. We look forward to seeing what comes next.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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