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From Home Furnishing Business

American & Efird Global Completes Recapitalization

KPS Capital Partners has completed a recapitalization of its portfolio company American & Efird Global (A&E), which raised approximately $275 million in financing, including a $65 million cash flow revolving credit facility and an approximately $210 million term loan.

New Water Capital Partners Invests in Pride Family Brands

Philadelphia-based LBC Credit Partners has provided a senior secured term loan to support the recapitalization and investment in Pride Family Brands by New Water Capital Partners, a $406 million private equity fund that focuses on investing in lower middle market companies in the consumer products, retail and industrial manufacturing industries.

Mega Motion Expands Las Vegas Showroom

Mega Motion and its Windermere Motion line, a subsidiary of Pride Mobility Products Corp., has signed a long-term agreement for a new, larger showroom at the Las Vegas Market, Aug. 2-6.

West Elm to Open First S.C. Location

New York-based home furnishings retailer West Elm will open its first South Carolina store in the Upper King district of Charleston, S.C., Aug. 13 at 10 a.m.

The Bon-Ton Stores Names Tracy as COO

The Bon-Ton Stores, based in York, Pa., has appointed William Tracy as COO, effective July 27.

Lacquer Craft Furniture Names Senior VP of Finance

Yuang-Whang “Daniel” Liao has been named senior vice president of finance for Lacquer Craft Furniture, a new position for the company.

Bassett Furniture Declares 12.5 Percent Increase in Dividends

Bassett Furniture Industries’ board of directors has declared a dividend of nine cents per share of outstanding common stock payable on Aug. 28 to shareholders of record at the close of business Aug. 14.

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