Private equity firm to acquire Restoration Hardware for $267 million

Share this content:

Private equity firm Catterton Partners will acquire Restoration Hardware Inc. for approximately $267 million.

Under the terms of the agreement, all outstanding shares of Restoration Hardware will be acquired for a price per share equal to $6.70 in cash. This represents a 150% premium on the closing price of Restoration Hardware common stock on November 7, the last trading day prior to the announcement of the deal. Gary Friedman, Restoration Hardware's chairman/president and CEO, and several institutional stockholders are investing in the transaction.

Corte Madera, CA-based Restoration Hardware is in the midst of a planned strategy to improve the productivity of its supply chain. Earlier this year, the company retrofitted its furniture distribution centers and consolidated its small-package direct operations. It also recently signed a lease for a new distribution center, enabling it to phase out a distribution center that is run by a third party. Additional plans call for installing a new warehouse management system, enhancing sourcing and product management and installing a new order management system.

Catterton Partners, based in Greenwich, CT, has led investments in companies such as Build-A-Bear Workshop, Kettle Foods and Frederic Fekkai.

close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above