Deal Details

Arhaus Completes $138 Million Follow-On Offering

Consumer

Arhaus follow-on offering

Summary

Arhaus, Inc. (NASDAQ: ARHS) (“Arhaus” or the “Company”), a portfolio company of Freeman Spogli & Co. (“Freeman Spogli” or the “Selling Stockholders”), recently completed a secondary public offering of the Company's common stock by Freeman Spogli (the “Offering”). Arhaus priced an offering of 13,800,000 shares, including the full exercise of the underwriters’ option to purchase 1,800,000 additional shares, at a price to the public of $10.00 per share, generating gross proceeds of $138.0 million. The Selling Stockholders will receive all of the proceeds from the Offering.

Baird served as a bookrunner on this transaction.

About

Founded in 1986, Arhaus is a rapidly growing lifestyle brand and omni-channel retailer of premium home furnishings. Through a differentiated proprietary model that directly designs and sources products from leading manufacturers and artisans around the world, Arhaus offers an exclusive assortment of heirloom quality products that are sustainably sourced, lovingly made, and built to last. With more than 85 showroom and design studio locations across the United States, a team of interior designers providing complimentary in-home design services, and robust online and eCommerce capabilities, Arhaus is known for innovative design, responsible sourcing, and client-first service. Arhaus is headquartered in Boston Heights, Ohio.

Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $5.7 billion in 70 portfolio companies with an aggregate transaction value of over $28 billion and has completed over 180 add-on acquisitions with its portfolio companies. Freeman Spogli is headquartered in Los Angeles, California.

Consumer

Arhaus follow-on offering