Alex and Ani is a highly differentiated, affordable fashion jewelry and lifestyle brand. Founded in 2004 by Carolyn Rafaelian, the company’s signature product is the expandable and stackable wire bangle adorned with symbols of empowerment and protection. All products are manufactured in America utilizing sustainable materials derived from eco-conscious processes. Since establishing its first retail store in Rhode Island in 2009, Alex and Ani has grown the number of stand-alone retail sites in the U.S. and also sells through department stores, gift shops and high-end jewelry chains across the country. CPC realized its investment in the business through a secondary sale.