The Rug Company, a London, UK-based luxury rug brand, received a private equity investment from Palamon Capital Partners.
Piper, the investor in consumer brands, sold its stake in the company.
The financial terms of the transaction were not disclosed.
Founded in 1997 by husband and wife team Christopher and Suzanne Sharp, The Rug Company has a range of more than 300 rug designs, including its own Contemporary Collection developed by an in-house design team, and its Designer Collection through collaborations with over 30 designers from the worlds of fashion, interior design and textiles (such as Alexander McQueen, Paul Smith and Vivienne Westwood).
Rugs are handmade and produced using traditional weaving skills in Nepal.
FinSMEs
09/11/2015