**Carlyle-led group offers private loan for buyout of Australian fashion brand Zimmermann**
**Sydney -** An investment group led by US-based Carlyle Group has offered a private loan to help fund the management buyout of popular Australian fashion brand, Zimmermann.
The loan, which is reportedly in the region of A$400 million (US$286m), will be used to refinance Zimmermann’s existing debt and provide the company with additional working capital. The deal is expected to close in the coming weeks.
Zimmermann was founded in 1991 by sisters Nicky and Simone Zimmermann and is known for its feminine and bohemian-inspired designs. The brand has a strong international presence, with stores in over 50 countries, and is a favorite among celebrities such as Beyonce, Rihanna, and Jennifer Lopez.
The management buyout was led by Zimmermann’s CEO, Chrissie Foreshew, and CFO, Peter Wall. The pair have been with the company for over 10 years and are credited with helping to turn Zimmermann into a global success.
The Carlyle Group is a global investment firm with over $325 billion of assets under management. The firm has a long history of investing in the fashion industry, having previously backed brands such as Supreme, Golden Goose, and Moncler.
The Carlyle Group’s investment in Zimmermann is a sign of the growing interest in the Australian fashion industry. In recent years, a number of Australian fashion brands have been acquired by international investors, including Camilla and Marc, Sass & Bide, and Zimmerman.
The trend is being driven by the growing popularity of Australian fashion overseas, as well as the strong financial performance of many Australian fashion brands.
Zimmermann is one of the most successful Australian fashion brands, and its management buyout is a major coup for the Carlyle Group. The deal is expected to help Zimmermann continue its global expansion and further increase its brand awareness.
**About Zimmermann**
Zimmermann is an Australian fashion brand founded in 1991 by sisters Nicky and Simone Zimmermann. The brand is known for its feminine and bohemian-inspired designs, which are often made from luxurious fabrics such as silk, lace, and linen.
Zimmermann has a strong international presence, with stores in over 50 countries. The brand is also a favorite among celebrities, such as Beyonce, Rihanna, and Jennifer Lopez.
**About The Carlyle Group**
The Carlyle Group is a global investment firm with over $325 billion of assets under management. The firm has a long history of investing in the fashion industry, having previously backed brands such as Supreme, Golden Goose, and Moncler..
