Wingspire Capital and TCW Asset Management Company together provided a unitranche senior credit facility to women’s apparel brand cabi.
cabi designs and markets women’s apparel through independent stylist entrepreneurs who set their own schedules, coordinate in-home and virtual events and curate personalized style and fit recommendations. The company also sells apparel and accessories direct to consumers through its website.
cabi, which is majority owned by Sentinel Capital Partners, is using the proceeds to propel anticipated growth. Founded in 2002 by a group of professional women who had a vision to create an innovative boutique fashion brand centered around personalized styling experiences, cabi has since grown to have thousands of stylist entrepreneurs in the United States, Canada and the U.K.
“We are pleased to work closely with TCW on a creative and flexible senior credit structure that meets the needs of cabi and positions the business for future growth,” David Gittleman, head of capital markets for Wingspire Capital, said.
