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Restoration Hardware Eyes $150M In IPO
Restoration Hardware is seeking to raise approximately $150 million through an initial public offering.
Restoration Hardwareis seeking to raise approximately $150 million through an initial public offering (IPO),The Wall Street Journalreports. The U.S. furniture retailer, owned by private equity firmCatterton Partners, will use the proceeds to repay its debt and for general corporate purposes.
The lead underwriters for the offering areBank of America Merrill LynchandGoldman Sachs Group, addsReuters. Catterton Partners acquired Restoration Hardware for $179 million in June 2008 and is looking to exit the retailer.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.