**A consortium led by The Carlyle Group has offered a private loan to support the buyout of Australian fashion brand Zimmermann, providing an alternative to a potential IPO.**
Zimmermann, known for its feminine and bohemian designs, has been exploring various options to fund its expansion plans, including an initial public offering (IPO). However, the company has now reportedly secured a private loan from the Carlyle-led group.
The loan will reportedly be used to finance the buyout of Zimmermann from its founders, Nicky and Simone Zimmermann, who will retain a significant stake in the business. The terms of the loan and the specific amount have not been disclosed.
The Carlyle Group is a global investment firm with a long history of investing in the fashion and luxury sectors. The firm has previously invested in brands such as Moncler, Golden Goose, and Tory Burch.
The move by Carlyle comes as Zimmermann seeks to capitalize on growing demand for Australian fashion brands both domestically and internationally. The company has been expanding its retail footprint in recent years, opening new stores in Australia, the United States, and Europe.
Zimmermann’s decision to pursue a private loan instead of an IPO may be due to several factors, including the current market volatility and the potential challenges of going public. The loan will provide the company with greater flexibility and control over its operations.
The buyout is expected to close in the coming months, subject to customary closing conditions. The Carlyle-led group will become a significant shareholder in Zimmermann, alongside the founding sisters.
Zimmermann’s management team will remain in place, led by CEO Chrissie Foreshaw, who joined the company in 2021. The company is expected to continue its growth trajectory, both in Australia and internationally.
The Carlyle-led group’s investment in Zimmermann is a sign of the continued interest in the Australian fashion sector from global investors. The country has produced a number of successful fashion brands in recent years, including Dion Lee, Ellery, and Bassike.
Zimmermann’s success is a testament to the creativity and entrepreneurial spirit of Australian designers. The brand has built a loyal following around the world, and its designs have been featured in top fashion publications and worn by celebrities.
The buyout will give Zimmermann the financial resources and support to continue its growth and become a truly global fashion brand..
