NEW YORK, NY, Muse Paintbar, a leading paint and sip operator, has announced that it closed on a $9 million financing from Chatham Capital.
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Muse Paintbar, a leading paint and sip operator, has announced that it closed on a $9 million financing from Chatham Capital, an Atlanta-based private investment firm. Lazard Middle Market served as exclusive financial advisor to Muse.
"With support from our outstanding financial partners, we can continue to open new units, both within our existing footprint and in expansion regions," said Stan Finch, President and Co-Founder of Muse. "We can also leverage our position as the largest company-owned player in the space to invest in new product offerings like different art mediums and custom art capabilities. So this partnership with Chatham not only allows us to stay on our growth trajectory, but also to offer an even greater range of artistic options to our customers."
Muse Paintbar has 27 paint bar locations on the East Coast from Maine to Virginia. Those in search of creative inspiration and a fun night out can learn from local skilled artists while enjoying a full selection of wine, beer and tapas. Events last two to three hours and guests take their artwork home with them at the end. Customers can pick from thousands of paintings and a variety of event types, such as Couples' Night, Family Day, Paint Your Pet, and many more. Muse also offers private events for birthdays, kids' parties, company events, and bachelorette parties. Those interested can visit www.musepaintbar.com to reserve seats, purchase gift certificates, and book private parties.
Chatham Capital is a private investment firm that provides debt and equity solutions to companies throughout North America by focusing on building strong, long-term relationships with entrepreneurs, capital providers, and other intermediaries alike. Since 2001, Chatham has provided flexible capital solutions to over 180 firms to further their growth and allow ownership to realize its goals. Chatham's principals' 100+ years of experience in leveraged lending, private equity, investment banking, operational management, consulting, and accounting provide our portfolio companies and co-investors with the necessary expertise to weather the cyclicality of the lower-middle market and capitalize on expansion opportunities.