Francisco Partners has acquired a majority stake in RugsUSA from Comvest Partners. RugsUSA is an e-commerce provider of area rugs and other home décor products.
“RugsUSA has reinvented the rug-buying experience as the pioneer in driving area rug and home décor purchases online,” says FP’s Alan Ni.
Evercore, Financo, Raymond James and McDermott Will & Emery LLP advised RugsUSA. Paul Hastings LLP acted as legal advisor to Francisco Partners. Barclays, Jefferies Finance LLC, Deutsche Bank and Stifel provided debt financing.