Corte Madera, Calif. —Specialty retailer Restoration Hardware (RH) is being taken private by an affiliate of private equity firm Catterton Partners.

Participating in the merger transaction with Catterton are Restoration and several of the 102-unit chain's institutional stockholders, who have agreed to invest in the transaction or exchange a portion of their holdings for Catterton or affiliate equity.

The total equity value of the transaction is about $267 million, the parties said.

Under the terms, all outstanding shares of RH — other than those exchanged by the participating stockholders — will be acquired for a price per share equal to $6.70 in cash, a 150% premium to the closing price on Nov. 7, the companies said.

“We are pleased to announce this transaction, which delivers significant value to our stockholders,” said Gary Friedman, RH chairman, president and ceo.

Catterton Partners has led investments in consumer companies such as Breyers Yogurt, Wellness Pet Food, Build-A-Bear Workshop, Cheddar's Restaurant, OSI Restaurant Partners, P.F. Chang's China Bistro, Baja Fresh Mexican Grill, Frederic Fekkai, Kettle Foods, Farley's and Sathers Candy Co. and Odwalla Inc.