Restoration Hardware taken private
June 18, 2008,
Corte Madera, Calif. – The acquisition of specialty retailer Restoration Hardware (RH) by a group of investors including Catterton Partners and RH chairman, president and ceo Gary Friedman has been completed, in a $4.50 per common share buyout.
Catterton said it now shares controlling equity interest in RH with another private equity firm, Tower Three Partners LLC, which contributed an approximately equal investment.
As a result of the acquisition closing, Restoration Hardware’s common stock ceased trading on NASDAQ prior to the opening of the market today, and will no longer be listed.