DENVER – July 2017 – Coulton Creek Capital, a Denver-based private investment firm, is pleased to announce that it has successfully exited numerous investments in the rapidly growing restaurant-entertainment brand Punch Bowl Social. Punch Bowl Social has received an investment from consumer-focused private equity firm L Catterton.
Coulton Creek Capital has played a large role in Punch Bowl Social’s expansion from a two-location restaurant concept to a nine-unit national brand. With investments in Punch Bowl Social’s Austin, Cleveland, Indianapolis, Minneapolis, Rancho Cucamonga, CA locations and planned Stapleton, CO location, Coulton Creek has provided Punch Bowl Social with a wide range of debt and preferred equity investments to fund new locations.
“We knew we had an exciting concept with Punch Bowl Social that proved out with the success of our first location in Denver,” said the company’s founder Robert Thompson. “Coulton Creek’s investments helped us expand nationally and prepare for our next stage of growth. We’re thankful for the confidence the Coulton Creek team showed us over the past several years.”
“We’re excited for Robert Thompson, CFO & Principal Rob Cornog and the entire Punch Bowl Social team,” said Coulton Creek Capital’s Managing Director Chris Hanks. “The restaurant space is highly competitive, but Punch Bowl has been able to create a unique experience and recipe for success. L Catterton’s consumer expertise will undoubtedly help Punch Bowl reach its expansion goals.”
“From the perspective of our investors and shareholders, we’re happy to report this successful exit,” continued Hanks. “Coulton Creek has developed a highly sought-after niche of filling financing gaps for companies like Punch Bowl, and we love to see success stories like theirs.”
About Coulton Creek Capital
Coulton Creek Capital was formed to meet the need for subordinate financing of $0.5 million and $3.0 million. As a private investment firm, Coulton Creek Capital has the flexibility to provide a wide range of solutions and the ability to move quickly to help owners capitalize on opportunities, accelerate growth and preserve equity.
About Punch Bowl Social
Punch Bowl Social, the leader in the “eatertainment” restaurant category, offers southern-inspired brunch, lunch, dinner and late-night snacks along with craft beverages and social games like bowling, Ping-Pong and shuffleboard, all under the same roof. Punch Bowl Social has expanded from its flagship location in Denver, to nine locations across the U.S., with ten additional locations coming soon.
For more information, please contact Chris Hanks at 720.502.1149 or firstname.lastname@example.org.