Government approval brings merger of Restoration Hardware, equity firm one step closer to completion

By Lisa Kerner

Charlotte, N.C., March 11 - The proposed merger of Restoration Hardware, Inc. and affiliates of Catterton Partners was granted early termination of the Hart-Scott-Rodino waiting period by the Federal Trade Commission.

In January, affiliates of Catterton amended their agreement with Restoration Hardware, lowering the per-share offer price to $4.50 in cash from $6.70.

Restoration Hardware is a Corte Madera, Calif.-based specialty retailer.

Catterton Partners is a private equity firm based in Greenwich, Conn.

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