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Home Design Interiors H&F officially acquires At Home Group Inc. | Home Accents Today

H&F officially acquires At Home Group Inc. | Home Accents Today

PLANO, TX. — Hellman & Friedman, a non-public fairness agency, has formally accomplished the acquisition of the entire excellent shares of widespread inventory of At House Group Inc.

Because of its acceptance of the 59% of At House shares tendered within the tender provide, H&F has acquired a ample variety of At House shares to finish the merger.

Any remaining shares of At House widespread inventory might be transformed into money equal to $37 per share, which is the same as the per share value paid within the tender provide.

Upon the official completion of the merger later at this time, At House will grow to be a privately held firm managed by H&F, and its widespread inventory will stop buying and selling on the New York Inventory Alternate.

“Hellman & Friedman takes nice pleasure in partnering with excellent administration groups to put money into extremely differentiated companies with substantial room for progress. At House suits that invoice completely,” mentioned Erik Ragatz, associate at H&F. “We consider the distinctive purchasing expertise and compelling worth At House presents shoppers will place the Firm to proceed to develop and take market share within the coming years, and we now have nice confidence within the crew at At House to ship on this potential.”

The biggest shareholder of At House Group inventory, CAS Funding Companions has opposed the proposed deal to take the retailer non-public as a result of it believed the transaction “grossly undervalued” the corporate. CAS Funding Companions owned round 17% of the corporate’s shares and urged the board to pursue amended phrases that “precisely replicate the corporate’s promise and worth creation potential.”

At House presents as much as 50,000 residence merchandise from furnishings, mirrors, rugs, artwork and housewares to tabletop, patio and seasonal decor. The corporate at present operates 231 shops in 40 states.

“This transaction will enable us to associate with H&F to assist proceed our retailer growth, develop our providing and strengthen our place because the main retailer of residence décor,” mentioned Lee Chicken, At House chairman and CEO. ” I’m grateful to all our crew members whose arduous work has contributed to At House’s success and made this transaction doable. I’m assured H&F will assist strengthen our enterprise.”

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