Pryor Cashman represented Jason Rabin, CEO of Centric Brands, in the management buyout of Centric, a leading global lifestyle brand portfolio that manages more than 100 licensed and owned brands and employs more than 2,600 people across 26 offices worldwide.

Rabin acquired a majority stake in the company, with minority investments by Axar Capital Management, M-Cor Capital, LLC, MSP Sports Capital, and Jarrod Kahn, Group President of Centric Brands. Centric's current management team will continue to lead the company, with Rabin remaining Chief Executive Officer.

Rabin and the other investors acquired Centric Brands from a group of financial sponsors led by Blackstone, Ares Management, and HPS Investment Partners.

Centric Brands ranks among the premier operational partners in the global fashion and consumer goods industry. Its portfolio of licensed and owned brands includes Calvin Klein, Coach, Dockers, Faherty, Favorite Daughter, Gap, Joe’s Jeans, Michael Kors, Off-White, Quiksilver, Tommy Hilfiger, UGG, and Under Armour, as well as entertainment brands including Disney, Marvel, Paramount, and Universal.

The Pryor Cashman team was led by Partners Michael Weinsier, Co-Chair of the firm's M+A and Private Equity Practices and a member of Pryor Cashman's nationally recognized Corporate Group, and John Crowe, Co-Chair of the firm’s Corporate Group and M+A Practice, along with Banking + Finance Partner Kyle Miller and Litigation Partner Todd Marcus, who leads the firm’s client relationship and provided strategic advice throughout the transaction.

Principal assistance was provided by Partners Shane Stroud (Executive Compensation + Benefits), Taylor Weinstein (Tax), and Matthew Young (Executive Compensation + Benefits); Associates Brian Dunlay (Corporate), Niya Ge (Tax), Noah Geoghegan (Corporate), Dana Krinsky (Corporate), Scott Resnick (Data Privacy + Cybersecurity; Intellectual Property), Kimberly Rubin (Corporate), and Dara Smith (Banking + Finance); and Corporate Paralegal Toma Brown. Banking + Finance Partners Christopher Mellevold and Lawrence Remmel also assisted with the transaction.