MoFo News Item

MoFo Advises RH in $117M Waterworks Transaction

14 Apr 2016

Morrison & Foerster advised "RH" (formerly known as Restoration Hardware) in connection with a recent transaction in which Waterworks – a premier luxury bath and kitchen brand – entered into a transaction to join forces with RH and become part of the RH platform. The transaction value is reported at $117 million subject to certain working capital and adjustments and included management rollover equity participation to provide ongoing incentives for further growth of the Waterworks brand. The deal team was led by San Francisco partner Gavin Grover and associates Tyler Sewell, Ali Nardali, Will Solis, Greg LeSaint, Darah Protas, and Temidayo Odusolu.

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