Freeman Spogli & Co. has made an investment in Regent Holding Company, a designer, marketer and supplier of home décor and accent products.
Regent markets its products through 12,000 independent and chain retailers in the US and over 3,500 customers in Europe. The company products – totaling more than 8,000 SKUs across more than 30 home décor product categories – are sold primarily under two trade brands, Creative Co-Op in the US and Bloomingville in Europe. Products include jewelry, candle holders, clocks, coasters, decorative trays & bowls, frames, figurines & statues, and other home decor items. The company is led by its CEO Eugene Wang. Regent was founded in 2001 and is headquartered in Memphis (www.creativecoop.com).
“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.
Also investing in this transaction were the current owners – the Wang family – and the senior management of Regent. “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,” added Mr. Brutoca.
Freeman Spogli invests in middle market consumer and distribution companies. Since its founding in 1983, the firm has invested over $3 billion in 52 portfolio companies with an aggregate transaction value of $20 billion. Freeman Spogli has offices in Los Angeles and New York (www.freemanspogli.com).
Piper Jaffray (www.piperjaffray.com) was the exclusive financial advisor to Regent. Morgan, Lewis and Bockius (www.morganlewis.com) was the company’s legal advisor. Ropes & Gray (www.ropesgray.com) was the legal advisor to Freeman Spogli.
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-5-15
