Norwest Mezzanine Partners Invests Alongside Sentinel Capital Partners in cabi
March 21, 2017
Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) is pleased to announce it has invested a combination of subordinated debt and equity capital to support Sentinel Capital Partners’ acquisition of cabi, a leading direct seller of women’s apparel and accessories with nearly 3,500 independent stylists who conduct shows in the homes of more than 78,000 hostesses throughout the U.S., U.K., and Canada.
Carter Balfour, NMP Partner, stated, “This is NMP’s fifth investment with Sentinel – we have seen firsthand Sentinel’s successful investment approach and ability to execute on a strategy. We believe Sentinel is well-positioned to partner with cabi’s strong management team to build upon its unique business model and strong growth.”
Founded in 2002, cabi sells high-quality, on trend, accessibly-priced designer clothing to a broad female demographic via a proprietary network of independent stylists. 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.
“NMP consistently demonstrates reliability, flexibility, and speed of execution throughout the transaction process and the life of the investment. We are very excited to partner with them again,” commented James Coady, Partner at Sentinel.
About Sentinel Capital Partners
Sentinel Capital Partners specializes in buying and building businesses at the lower end of the middle market in partnership with management. Sentinel invests in buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of up to $65 MM. Visit www.sentinelpartners.com.