SKIMS raises capital from Wellington Management
SKIMS, a US apparel; shapewear and loungewear brand, raised capital from Wellington Management on Jul 19, 2023. Amount invested is separate from enterprise value.
Transaction summary
- Company
- SKIMS
- Investor(s)
- Wellington Management Investor profile →
- Announced
- 2023-07-19
- Geography
- United States
- Type
- Capital Raise
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Parties at the deal date
Investor(s)
Current investor profile →Wellington Management is a global investment management firm offering a broad range of investment solutions across public and private markets, including equity, fixed income, multi-asset, alternatives, and private investments.
Snapshot preserved for this transaction; current company profiles may differ.
Raise and valuation context
100% enterprise value
USD 4.0B
100% enterprise value | USD
Basis: Estimated
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
5.33x
Period: FY2023 Estimate
Basis: Derived from source data
EV / EBITDA
-
EBITDA basis not stated
Basis: Estimated
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 270M
Contemporaneous transaction sources report USD270m financing; Sacra later gives conflicting USD330m July2023 SeriesC. USD270m retained from transaction sources.
Basis
- The reported whole-company valuation of USD 4bn is used as the estimated EV; financing proceeds of USD 270m are separate. Sacra later estimated FY2023 sales at USD 750m, following the CEO’s contemporaneous forecast of more than USD 750m; this is not audited revenue. USD 4bn / USD 750m gives approximately 5.33x. Yahoo/USA Today reports USD 500m of sales in 2022, attributed to The New York Times. Sacra reports that CEO Jens Grede announced estimated 2023 net profit of USD 190m; net profit is not EBITDA.
Source summary
WilmerHale Advises Wellington Management in Skims’ $270M Series C Financing
Confirmedannounced the closing of a $270 million financing round led by Wellington Management
Open sourceWilmerHale Advises Wellington Management in Skims’ $270M Series C Financing
ConfirmedOn July 19, 2023, Skims, a leading apparel company co-founded by Kim Kardashian, announced the closing of a
Open sourceKim Kardashian’s Skims Raises Funds at $4 Billion Valuation
ConfirmedThe $270 million funding round was led by Wellington Management Group
Open sourceSkims revenue, valuation & funding
ConfirmedSacra estimates SKIMS hit $750 million in revenue in 2023
Open sourceKim Kardashian’s Skims Raises Funds at $4 Billion Valuation
Confirmedraised fresh funding that values the company at $4 billion.
Open sourceKim Kardashian’s Skims Raises Funds at $4 Billion Valuation
ConfirmedSkims is set to break $750 million in net sales this year
Open sourceContinue your research
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