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Garcia Joins Sawaya SegalasPedro Garcia has joined Sawaya Segalas as an MD. He will spearhead the firm's advisory efforts in the food and beverage segments of the consumer industry. Prior to this, Garcia was a Partner and Managing Director at Hadley Partners.
Restoration Hardware Pops In Market DebutShares of Restoration Hardware rose as much as 34 percent during their market debut on Friday Nov.2, according to sister news service Reuters. The upscale furniture retailer, backed by private equity firms Catterton Partners and Tower Three Partners LLC, opened New York Stock Exchange trading at $32.05 after pricing at the high end of the expected range at $24.
- Restoration Hardware Hammers a Down Market Day as IPO Pops
Shares of Restoration Hardware rose as much as 34 percent during their market debut on Friday. The upscale furniture retailer, backed by private equity firms Catterton Partners and Tower Three Partners LLC, opened New York Stock Exchange trading at $32.05 after pricing at the high end of the expected range at $24.
- Reuters - Restoration Hardware Prices IPO
Furniture retailer Restoration Hardware priced its initial public offering at $24 a share on Thursday, at the top of its expected range, an underwriter said. The company, backed by private equity firms Catterton Partners and Tower Three Partners LLC, raised $123.9 million by pricing 5.2 million shares as planned. Restoration Hardware had intended to price shares at $22 to $24 per share.
- LevelEleven Launches with Seed Funds led by Detroit
LevelEleven, a company focused on enterprise gamification and CRM solutions, has launched with $1 million in seed funding led by Detroit Venture Partners with an equity stake from ePrize. Originally developed and incubated at ePrize, the new company will be headquartered in Motor City's innovation hub in downtown Detroit.
- Catterton-Backed Restoration Hardware Expects To Raise $129M In IPO
Restoration Hardware Holdings Inc. expects its initial public offering to raise about $120 million, giving the luxury furniture retailer a market value of around $850 million.
- Reuters - Restoration Hardware Price IPO at $22-$24
Restoration Hardware Holdings Inc. said it expects to sell about 5.2 million shares at between $22 and $24 each in its initial public offering, Reuters reported. At the midpoint of the range, the offering will raise about $120 million. The high-end furniture maker and retailer will sell 4.9 million shares in the offering, while selling stockholders will sell the rest. Founded in 1980, Restoration Hardware sells furniture, bath linen, lighting fixtures and other items for homes at its stores, online and through catalogs. Private equity firms Catterton Partners and Tower Three Partners LLC, along with Restoration Hardware Chief Executive Gary Friedman, bought a controlling equity stake in Restoration Hardware in 2008 and took it private.
- Palladium's Fourth Fund So Far Raises $194.6 Mln, One-Fourth of $800 Mln Target
Palladium Equity, which is out marketing for its fourth fund, has so far raised about 25%.