At Home completes its transition to a private company

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The $ 2.8 billion acquisition of At Home Group Inc. is a done deal.

The high-growth interior design retailer was acquired by private equity firm Hellman & Friedman in a cash transaction valued at $ 2.8 billion, including the assumption of debt . With the completion of the acquisition, initially announced in May 2021, At Home’s common stock ceased trading and the company is no longer listed on the New York Stock Exchange.

[Read more: At Home acquired for $2.8 billion]

“Hellman & Friedman is very proud to partner with exceptional leadership teams to invest in highly differentiated companies with substantial growth room,” said Erik Ragatz, partner at H&F. “At Home fits this bill perfectly. We believe that the unique shopping experience and compelling value that At Home brings to consumers will allow the company to continue to grow and gain market share in the years to come, and we have great confidence in the At Home team to exploit this potential.

At Home has expanded its presence nationwide. The company recently announced the opening of three stores in July. Two of the stores are on the east coast in Princeton, New Jersey, and Abingdon, Maryland, and one store is on the west coast in Temecula, California.

“This transaction will allow us to partner with H&F to help further expand our store, develop our offering and strengthen our position as a leading home decor retailer,” said Lee Bird, President and CEO of At Home. “I have no doubts that H&F will help strengthen our business. “

Goldman Sachs & Co. LLC acted as exclusive financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to the Special Committee. Guggenheim Securities, LLC served as financial advisor and Simpson Thacher & Bartlett LLP served as legal counsel to Hellman & Friedman.

At Home is headquartered in Plano, Texas, and currently operates 231 stores, averaging approximately 100,000 square feet, in 40 states.


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