RugsUSA plans new debt financing for buyout by Francisco Partners

By Sara Rosenberg

New York, Sept. 10 – RugsUSA has received a commitment for debt financing to help fund its acquisition by Francisco Partners from Comvest Partners, according to a news release.

Barclays, Jefferies LLC, Deutsche Bank and Stifel provided the debt commitment.

Closing is expected this year.

Koorosh Yaraghi, founder of RugsUSA, and Comvest Partners will retain a minority stake in the company.

RugsUSA is an e-commerce provider of area rugs and home decor products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.