CEO Jason Rabin takes majority stake in Centric Brands in buyout
Centric Brands, a global apparel and accessories brand portfolio with more than 100 brands, completes a sale to CEO Jason Rabin and a new investor group.
Centric Brands announced the completion of a sale of the company to CEO Jason Rabin and a new investor group. Rabin takes a majority stake, and the group includes Axar Capital Management, M-Cor Capital, MSP Sports Capital and Group President Jarrod Kahn. Rabin remains chief executive.
Centric is a global lifestyle brand portfolio with more than 100 licensed and owned brands, including Calvin Klein, Coach, Dockers, Gap, Tommy Hilfiger and UGG. It employs over 2,600 people across 26 offices in North America, Europe and Asia.
MSP Sports Capital CEO Jeff Moorad said the firm is proud to join as a partner. Jefferies and Solomon Partners advised, along with several law firms.
Deal facts
- Target
- Centric Brands
- Business
- Global lifestyle brand portfolio managing more than 100 licensed and owned apparel, accessories and beauty brands
- Buyer
- Jason Rabin and investor group (Axar Capital Management, M-Cor Capital, MSP Sports Capital, Jarrod Kahn)
- Deal type
- Platform
- Headquarters
- New York, NY
- Advisers
- Jefferies LLC financial adviser to management
- Pryor Cashman LLP legal counsel to management
- Sidley Austin LLP legal counsel to Axar Capital Management
- Gibson, Dunn & Crutcher LLP legal counsel to M-Cor Capital, LLC
- Morgan, Lewis & Bockius LLP legal counsel to MSP Sports Capital
- Solomon Partners financial adviser to the seller group
- Latham & Watkins LLP legal counsel to the seller group
- Status
- Completed
- Announced
- Monday, November 9, 2026
Sources
- PR NewswireNov 9, 2026
- WWDNov 9, 2026
- Women's Wear Daily on MSNNov 9, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.