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Entertainment

Peppermint Hippo

The Pink Empire.
12+
Clubs, with affiliates
27K
Sq ft Las Vegas flagship
$30M+
Revenue (2025)
20%
YoY revenue growth
The story

The nightlife brand that turned one Toledo club into a national platform.

Peppermint Hippo was founded in 2018 by industry veteran Alan Chang. It began with a single club in Toledo, Ohio, and grew into a national brand in adult nightlife. The 27,000 square foot Las Vegas flagship, directly on Las Vegas Boulevard, cemented the brand's reputation through a $5 million-plus top-to-bottom remodel featuring state-of-the-art sound and lighting, craft cocktail programs, and 24-hour programming. Today the brand and its affiliated entities operate over 12 clubs nationwide, delivering what they call the "Mini-Vegas" model to cities outside Las Vegas.

Our work on Peppermint Hippo came through our Greywater Capital relationship. Through a strategic arrangement with Tradewinds Universal (OTCID: TRWD), Peppermint Hippo is part of an initiative to consolidate adult entertainment clubs across the United States into a modern, multi-brand conglomerate targeting 100+ locations nationwide. An institutional rollup of a category that has historically been operator-led, mom-and-pop, and not built for scale.

We produced the expansion toolkit for the multi-market capital raise. Capital decks positioned for investors. Data-room and diligence materials. Market-story collateral that translated an adult-entertainment rollup into a credible growth narrative for investors. Further details are under NDA.

"We don't just open clubs. We reinvent them. Outdated spaces transformed into sleek, high-energy playgrounds that feel exclusive yet welcoming."
Peppermint Hippo · Brand Positioning
Scope of work
The toolkit behind the rollup.

Capital and investor materials for a multi-market roll-up, including the market-story collateral that positioned adult nightlife as a legitimate growth category.

Capital Decks & IR Collateral Data-Room & Diligence Prep Expansion Strategy Materials
In the press
The project in the press.
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