Vancouver, BC – July 2, 2015 – CAI Capital Partners (“CAI”) is pleased to announce that it has made a significant equity investment in White House Design Company, Inc. (“White House” or the “Company”), a Canadian designer, manufacturer, and wholesaler of women’s clothing.
White House is headquartered in Burnaby, British Columbia and designs, manufacturers, markets, and wholesales the Sympli and Sympli Grand line of women’s wear. The Sympli line is a collection of high-quality basics that use a “fit formula” to complement and enhance all body types. The Sympli lines are sold through over 750 retailers across Canada and the United States.
CAI acquired a majority interest in White House from its founder and President, Jan Stimpson. Jan will continue to remain involved in the business as a director and as an employee focused predominantly on design. “White House fits very well with CAI’s strategy of partnering with and investing in founder-owned businesses in the Canadian lower-middle market. We are delighted to partner with Jan Stimpson, who has built an impressive entrepreneurial, high-growth company and we look forward to working with her to build upon the success to date,” said Tracey McVicar.
Following the closing of the transaction White House hired John Evans as President and CEO. John brings a strong track record of building and managing apparel companies both in North American as well as internationally and will be responsible for leading the Company in its drive to create effortless style for women of all shapes and sizes.
White House was the first investment in CAI’s fifth fund and fits with CAI’s strategy of partnering with and growing founder-owned businesses in the Canadian lower middle market.
About White House Design Company Inc.
Founded in 1992, White House designs, manufactures, markets, and wholesales the Sympli and Sympli Grand line of women’s wear. Sympli is comfort first and full of character. Authentic effortless style for all shapes and sizes. For additional information, please visit www.sympli.com
About CAI Capital Partners
CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian lower middle market. Over three decades, CAI has invested C$1.4 billion into companies across North America. For additional information, please visit www.caifunds.com.