December 2024 – Stellus Capital Management, LLC (“Stellus”) has announced its role in providing senior debt financing and an equity co-investment to support Clarion Capital Partners’ acquisition of Arthur Murray International, Inc. (“Arthur Murray”), a global leader in dance education and franchise operations.
Continuing a Legacy of Excellence
Founded in 1912, Arthur Murray operates over 300 dance studios across two dozen countries, cementing its reputation as a cornerstone of the global dance industry. Following the acquisition, renowned dancer Gary Edwards will assume the role of CEO, bringing more than 40 years of dance industry experience to the position. Edwards, who has served as an ambassador for the company for two decades, succeeds longtime CEO Philip S. Masters, who contributed significantly to the brand’s enduring success.
Eric Kogan, Partner at Clarion Capital Partners, expressed enthusiasm about the partnership, stating:
“Clarion is honored to partner with Gary Edwards to continue the Arthur Murray legacy Phil Masters built. We appreciate Stellus’ partnership throughout the transaction process and look forward to working together to support Arthur Murray’s continued success.”
A Strategic Partnership
Colin Baker, Managing Director at Stellus Capital Management, commented on the collaboration:
“We are excited to partner with Clarion, Gary, and the rest of the Arthur Murray team. We look forward to supporting the next phase of growth under Clarion’s ownership.”
