Restoration Hardware is seeking to raise approximately $150 million through an initial public offering (IPO), The Wall Street Journal reports. The U.S. furniture retailer, owned by private equity firm Catterton Partners, will use the proceeds to repay its debt and for general corporate purposes.
The lead underwriters for the offering are Bank of America Merrill Lynch and Goldman Sachs Group, adds Reuters. Catterton Partners acquired Restoration Hardware for $179 million in June 2008 and is looking to exit the retailer.
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