Candlewood Partners is pleased to announce that it served as the exclusive financial advisor to Arhaus in support of its new revolving senior loan, provided by Wingspire Capital.
The Company is using the new facility to provide for working capital needs and to fuel its continued growth.
“Candlewood was proactive and highly responsive throughout the process of putting together this new financing,” said Arhaus CFO Dawn Phillipson. “They acted as an extension of our team, taking the lead in driving the process forward while providing advice and guidance along the way.”
Family-founded in 1986 in Cleveland, OH, Arhaus offers globally inspired, heirloom quality furniture and décor for the entire homeboth indoors and out.
“Working with the team at Arhaus is always a pleasure” said Natan Milgrom, Vice President of Candlewood Partners. The Arhaus management team did an exceptional job of navigating through a challenging Spring as the country grappled with the pandemic and retail stores were forced to close. We were fortunate to find a great partner in Wingspire whose goals as a lender aligned with the goals of the company.”
Candlewood’s partnership with Arhaus is part of its sustained commitment to supporting its clients in all of their capital raising and advisory needs.
Arhaus offers globally inspired, heirloom quality furniture and décor for the entire home – both indoors and out. Family-founded in 1986 in Cleveland, OH, Jack and John Reed made a commitment on day one to never source wood from rainforests and to protect the Earth’s resources whenever possible. Now, with 70+ store locations across the United States, a team of interior designers providing complimentary design services, and robust custom-design capabilities, Arhaus has grown to become an industry leader in innovative practices and inspired design. For more information, visit arhaus.com.
About Candlewood Partners
Candlewood Partners is a Cleveland and New York-based boutique investment bank and advisory firm. Since 2001, Candlewood has supported the needs of middle market companies worldwide, successfully tackling complex engagements that others cannot.