Francisco Partners Acquires Majority Stake in RugsUSA from Comvest Partners
September 10, 2021
Francisco Partners has signed a definitive agreement to acquire a majority stake in RugsUSA, an e-commerce retailer of area rugs and home décor, from Comvest Partners in a growth investment; Comvest and founder Koorosh Yaraghi will retain minority stakes. The transaction, announced September 2021 and completed in November 2021, will support RugsUSA’s expansion into new categories and geographies; financial terms were not disclosed.
- Buyers
- Francisco Partners
- Targets
- RugsUSA
- Sellers
- Comvest Partners
- Industry
- E-Commerce
- Location
- New York, United States
- Transaction Type
- Buyout
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