Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

November 2012


Restoration Hardware Holdings, Inc.
Initial Public Offering
$142.5 Million


Baird served as a co-manager in this offering


Restoration Hardware Holdings, Inc. (“RH” or the “Company”) (NYSE: RH), a portfolio company of Catterton Partners, Tower Three Partners and Glenhill Capital Management, recently completed an initial public offering of 5,938,982 shares of its common stock at a price of $24.00 per share, generating gross proceeds of approximately $142.5 million. RH offered 4,782,609 shares of common stock and the selling shareholders offered 1,156,373 shares of common stock. The Company will not receive any proceeds associated with the shares sold by the selling shareholders. RH intends to use the net proceeds from the offering to repay a portion of the Company’s outstanding debt and to pay management fees pursuant to the terms of the management services agreement that will terminate upon consummation of this offering.

RH is a growing luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. RH operates an integrated business across multiple channels of distribution, including galleries, catalogs and websites. The Company operates a total of 73 retail stores, consisting of 71 Galleries and 2 full line Design Galleries, and 10 outlet stores throughout the United States and Canada. RH is headquartered in Corte Madera, California.

For additional information about this transaction, please contact:
Managing Director
(312) 609-4923
Managing Director
(312) 609-4977
Managing Director
(312) 609-4687
Managing Director, Co-Head of ECM
(414) 765-7262
Vice President
(312) 609-4743
Managing Director
+44 (0) 20 7667 8225

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