Initial Public Offering

Consumer
Initial Public Offering

Summary

Baird served as a co-manager in this offering

About

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:

Chris Sciortino (312) 609-4923
Nick Pavlidis (312) 609-4977
Jeff Seaman (312) 609-4687
Peter Kies (414) 765-7262
Maria Watts (312) 609-4743
Vinay Ghai +44 (0) 20 7667 8225
Consumer
Initial Public Offering
Date
November 2012
Company
Restoration Hardware Holdings, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America

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