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
- Announced
- 2023-07-19
- Geography
- United States
- Tags
- ApparelConsumerShapewear And Loungewear
- Type
- Capital Raise
- First added
- 2026-10-04
- Latest update
- 2026-10-04
Parties at the deal date
Investor(s)
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 2023
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
- USD 4.0bn enterprise value is a FundComb estimate. Public sources reviewed confirm the financing, but do not independently disclose every valuation input.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- Implied EV / revenue is 5.33x, calculated from USD 4.0bn value and USD 750m revenue.
- Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
- Reported whole-company valuation USD4bn is an estimated EV proxy under FCR-211; financing proceeds USD270m are separate. FY2023 sales USD750m is a later Sacra estimate; the original CEO forecast was more than USD750m . Estimated valuation / FY2023 revenue = approximately5.33x. Yahoo/USA Today reports USD500m sales in2022, attributed to The New York Times. Sacra reports CEO Jens Grede announced estimated2023 net profit USD190m; net profit is not EBITDA. Derived: $4.0 billion / $750 million = approximately 5.33x; estimated FY2023 revenue, not actual-period revenue. Sacra estimated FY2023 revenue USD750m, following the contemporaneous CEO forecast. Not audited actual revenue.
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 source