Arthur Murray Embraces New Leadership as Clarion Capital Partners Seals Acquisition

Deal News | Dec 10, 2024 | Clarion Capital Partners LLC

Clarion Capital Partners, a New York-based investment firm, has acquired Arthur Murray International, Inc., a globally recognized dance studio franchisor, in partnership with ballroom dance icon Gary Edwards, who will assume the role of CEO. The acquisition aims to leverage Arthur Murray's rich history and foster growth as interest in ballroom dance continues to surge. Edwards, succeeding the late Philip S. Masters—who shaped Arthur Murray into a global powerhouse—brings extensive experience from the dance industry alongside a presence in media. Clarion sees this acquisition as an opportunity not just to continue Masters' legacy, but also to expand the company's reach and influence. Arthur Murray was advised by Caldera Law and Citicourt & Co., while Clarion was backed by Brownstein Hyatt Farber Schreck LLP and Greenberg Traurig LLP. Financing was provided by Stellus Capital Management. The acquisition highlights growing interest in dance, with over 26 million participants in the U.S., reflecting a 22% increase over the past decade.

Sectors

  • Investment Management
  • Dance and Entertainment
  • Legal and Financial Advisory

Geography

  • United States – Clarion Capital Partners is based in New York, and the U.S. market has seen significant participation growth in dance activities.
  • Global – Arthur Murray International operates over 300 dance studios in two dozen countries, indicating a worldwide presence.

Industry

  • Investment Management – Clarion Capital Partners is an investment firm involved in private equity and structured credit, targeting growth companies across various sectors.
  • Dance and Entertainment – Arthur Murray International operates in the dance studio franchising sector, offering services in dance education and entertainment globally.
  • Legal and Financial Advisory – Legal and financial advisory services were crucial in facilitating the acquisition transaction for both Arthur Murray and Clarion Capital Partners.

Financials

    Participants

    NameRoleTypeDescription
    Arthur Murray International, Inc.Target companyCompanyA global franchisor of dance studios with over a century of history and more than 300 locations worldwide.
    Clarion Capital Partners LLCBidding companyCompanyA private equity firm based in New York focusing on growth investments in middle-market companies.
    Gary EdwardsCEOPersonA renowned ballroom dancer and long-time ambassador for Arthur Murray, now appointed as CEO.
    Philip S. MastersFormer CEO and OwnerPersonA visionary leader who owned Arthur Murray for 60 years, transforming it into a global dance studio powerhouse.
    Caldera LawLegal advisorCompanyProvided legal advisory services for Arthur Murray during the acquisition.
    Citicourt & Co.Financial advisorCompanyAdvised Arthur Murray on financial matters related to the acquisition.
    Brownstein Hyatt Farber Schreck, LLPLegal advisorCompanyProvided legal advisory services for Clarion Capital Partners during the acquisition.
    Greenberg Traurig, LLPLegal advisorCompanyProvided legal advisory services for Clarion Capital Partners during the acquisition.
    Stellus Capital ManagementFinancing providerCompanyProvided financial backing for the acquisition deal.