Advent International, a private equity firm, agreed to acquire a majority stake in Zimmermann, a luxury fashion brand, from Style Capital, a private equity fund specialising in fashion and lifestyle brands, for $1.15bn. “Zimmermann presents a rare and exciting opportunity to acquire a fast-growing iconic luxury fashion brand with significant potential for further expansion. The Zimmermann team has successfully created a distinctive and desirable global luxury brand, which has built a loyal customer base around the world. We look forward to supporting the management team around the CEO, Chris Olliver, and Nicky and Simone Zimmermann, to help build on the company’s strong foundations and deliver superior continuous growth,” Ranjan Sen, Advent International Managing Partner.