RugsUSA Secures Growth Investment from Francisco Partners

San Francisco – Paul Hastings LLP, a leading global law firm, represented Francisco Partners in its majority investment in RugsUSA, a leading e-commerce provider of area rugs and home décor products.

As part of the transaction, Comvest Partners will sell its majority position to Francisco Partners and retain a minority stake in the business. The pending transaction is expected to close later in 2021.

Private Equity Partner Dana Kromm led the Paul Hastings team, which also included associate Tiffany Jones.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.