Sentinel Capital Partners acquires cabi


Sentinel Adds Direct Marketer of Women’s Apparel to Consumer Portfolio


NEW YORK, March 2, 2017 – Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the acquisition of cabi Holding Co. LLC, a leading direct seller of women's apparel in the United States, Canada and the United Kingdom. Terms of the deal were not disclosed.

Founded in 2002, cabi sells high-quality, on trend, accessibly-priced designer clothing to a broad, female demographic via a proprietary network of approximately 3,500 independent stylists who conduct private shows in the homes of more than 78,000 hostesses. At the forefront of an emerging trend in how women shop, cabi's stylists provide a high-touch, personalized shopping experience to the more than one million prospective clients who attend its shows annually. Cabi also offers a compelling career opportunity for entrepreneurial women seeking a meaningful income opportunity, while preserving flexibility and work/life balance.

"As consumer behavior shifts away from traditional retail environments, we feel that cabi is revolutionizing the shopping experience for women," said Lynne Coté, cabi's CEO. "Our entrepreneurial culture, growing base of highly-trained, committed, and close-knit stylists, and distinctive home show experience are the foundation of our value proposition. Our partnership with Sentinel will help drive cabi's next level of growth."

"We are very excited about our investment in cabi," said Jim Coady, a partner at Sentinel. "Its unique business model has a demonstrated ability and consistent record of generating strong growth, and cabi's value proposition to its network of stylists, hostesses, and clients is one of the most compelling we have seen. We are highly impressed with cabi's talented management team and look forward to working closely with them to drive future growth."

The past year has been highly productive for Sentinel. Besides cabi, Sentinel has made six other new platform investments: Altima Dental, the largest dental services organization in Canada; The Luminaires Group, a leading North American manufacturer of specification-grade lighting products; Marketplace Events, the largest operator of consumer home and garden shows in North America; Quick Weight Loss Centers, a multistate provider of highly differentiated weight loss management services; Revenew International, a leading provider of cost recovery and cost containment services; Revenew International, a leading provider of cost recovery and cost containment services; and Sonny's Enterprises, the worldwide leader in conveyorized car wash systems.