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EXCLUSIVE: Jason Rabin Leads Management Buyout of Centric Brands, Takes Majority Stake

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EXCLUSIVE: Jason Rabin Leads Management Buyout of Centric Brands, Takes Majority Stake

The investment group consists of Axar Capital Management, M-Cor Capital and MSP Sports Capital, along with majority owner Jason Rabin and group president Jarrod Kahn.

Centric Brands, a leading global lifestyle brand portfolio, has completed the sale of the company to chief executive officer Jason Rabin and a new investor group comprised of Axar Capital Management, M-Cor Capital LLC, MSP Sports Capital and Jarrod Kahn, Centric Brands group president.

As part of the transaction, Centric’s previous ownership group — Blackstone, Ares Management and HPS Investment Partners — will be concluding its ownership stake.

“Until now the company has been owned by Blackstone, Ares and HPS, three world-class private equity firms that have been with me since 2018. So they’ve supported the company 100 percent. They’ve been great partners. They’ve given everything I need to grow this business, everything strategic I wanted to do. They were supportive, but they’re private equity. Private equity is an investment, and after a point in time, it’s time. What’s next? So with me being an entrepreneur in this business, I wanted my company back,” Rabin said in an exclusive interview on Nov. 2 at company headquarters in New York.

Rabin said he approached friends and people he knew in the industry and said he was looking to buy back his business, and asked for their support. The deal closed Friday.

“I’m excited to work with an investor group to lead the company into its next phase,” Rabin said.



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