Memphis, TN, November 4, 2015 - Regent Holding Company, a leading global designer, marketer and supplier of home décor and accent products, today announced an investment by Freeman Spogli & Co., the Wang family and management in the Company. Financial terms were not disclosed.
Founded in 2001, Regent is a global designer and wholesaler of home décor and accent products offered through multiple channels across North America, Europe and Asia. The Company sells its products primarily under two trade brands, Creative Co-Op in the U.S. and Bloomingville in Europe. Regent's diversified product offering includes over 8,000 SKUs across more than 30 home décor product categories. The Company distributes its products to a broad spectrum of customers representing over 30,000 retail doors globally, including over 12,000 independent and chain retailers in the U.S. and over 3,500 customers in Europe. Additionally, the Company oversees 65 authorized dealer and Company-operated stores across Asia, Europe and the Middle East under the Creative Co-Op Home brand.
"We are excited to partner with Freeman Spogli, whose expertise in the consumer, retail and distribution industries will be an invaluable resource to us as we capitalize on our multiple growth opportunities," said Eugene Wang, CEO of Regent.
"Regent is well-positioned as a critical link in the supply chain between independent retailers and low-cost overseas manufacturers, offering its customers a unique combination of product selection, customer service and reliability," said Brad Brutocao, a Partner at Freeman Spogli. "The Wang family has successfully grown the Company from a small regional operation to a recognized global competitor in the home décor category. We are thrilled to be partnering with them and management in this next phase of growth."
Piper Jaffray acted as exclusive financial advisor and Morgan, Lewis and Bockius acted as legal advisor to the Company and the selling shareholders. Ropes & Gray acted as legal advisor to Freeman Spogli & Co.
About Regent Holding Company
Regent Holding Company is a leading global designer, marketer and supplier of home décor and accent products that are sold throughout North America, Europe and Asia. The Company sells its products primarily under two trade brands, Creative Co-Op in the U.S. and Bloomingville in Europe.
About Freeman Spogli & Co.
Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer-related and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested $3.4 billion in 52 portfolio companies with aggregate transaction value of $20 billion. Freeman Spogli has offices in Los Angeles and New York. For additional information, visit www.freemanspogli.com.