Cabaïa changes shareholders and brings in Quilvest Capital Partners
Cassidy STEPHENS
Cabaïa, the French accessories brand known for its interchangeable pompom hats and customisable backpacks, is changing shareholders. Spring Invest and Trail Solutions Patrimoine are withdrawing from the company’s capital, to be replaced by Quilvest Capital Partners.
The amount of this transaction has not been disclosed, but Quilvest Capital Partners is now the main shareholder in Cabaïa, alongside its two co-founders Bastien Valensi and Emilien Foiret. Kostogri, the investment holding company of Nicolas Béraud, the founder of Betclic, and Cabaïa employees complete the round of financing.
Founded in 2015, Cabaïa, which is now present in 2,500 retailers and has around 20 boutiques under the brand name in France, has sales of almost €60 million. Thanks to this operation, the brand, which is a mission-led company (French term, meaning a businesse that pursues a set social and environmental purpose with specific sustainability goals) since 2021 and B-Corp certified since 2022, aims to continue expanding its product ranges and accelerate its international development.
“Bastien Valensi and Emilien Foiret have succeeded in positioning Cabaïa as one of the most emblematic players among omnichannel brands, by developing ingenious, high-quality and environmentally-friendly products. We are very enthusiastic about the idea of accompanying them in a new growth cycle and helping them to make Cabaïa a benchmark in Europe and worldwide,” explains Hichem Hadjoudj, investment director at Quilvest Capital Partners.
The fund, which specialises in developing medium-sized businesses alongside families and entrepreneurs, has already invested in Dunkin Donuts, and in March 2022 acquired a minority stake in French hair care brand Les Secrets de Loly.
