PLANO, Texas — Hellman & Friedman, a world non-public fairness agency, has entered right into a definitive settlement to amass At House Group Inc., the house décor superstore, for an all-cash transaction valued at $2.8 billion.
“As we enter the following chapter for our firm, Hellman & Friedman is the best accomplice to advance our At House 2.0 long-term technique,” stated Lee Hen, At House chairman and CEO. “Collectively, we may have the sources and adaptability to offer our clients with a differentiated expertise that meets their evolving wants. This transaction is a testomony to the achievements of our crew members, and I wish to thank every of them for all they do every day to contribute to the success of At House.”
Below the phrases of the settlement, At House stockholders will obtain $36 per share in money, which represents a premium of roughly 17% to the corporate’s closing inventory worth of $30.67 on Could 4, the final buying and selling day previous to media hypothesis relating to a attainable transaction, and a premium of roughly 25% to the 30-day quantity weighted common share worth.
“Because the main worth retailer of dwelling décor providing unmatched breadth and depth of