Allen & Overy (A&O) advised the lenders to Advent International (Advent) on the financing for its investment in global luxury brand ZIMMERMANN. The deal, which was completed recently, gives Advent a majority stake in ZIMMERMANN.
Advent is one of the world’s leading private equity investors, with a focus on five core sectors, including retail, consumer and leisure. ZIMMERMANN is a luxury fashion brand with a strong presence in Australia, the USA, UK, Europe and China. With Advent’s backing, ZIMMERMANN aims to accelerate its international expansion in key luxury markets, such as Asia and the Middle East, to diversify its product range and accessories, and to enhance its online and omni-channel presence.
A&O’s leveraged finance teams in London and Sydney joined forces to guide lenders on the financing.
The A&O team was led by partners Alice Smith and Hannah Gates in London and partner Marnie Fels in Sydney, with assistance from London-based associates and Hershil Kotak, Megha Mehrotra, Gbemisola Coker and Charlotte Hill and Sydney-based senior associate Nick Koutsoukos. Sydney-based partners Daniel Harris and Ka Sen Wong also provided support on corporate and tax respectively.
The deal demonstrates the A&O leveraged finance team’s strength in delivering seamless and efficient service to clients.
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