AT HOME

Hellman & Friedman Completes Acquisition of At Home

Retrieved on: 
Friday, July 23, 2021
Department Stores, Finance, Office Products, Banking, Professional services, Home Goods, Catalog, Retail, Online Retail, Finance, Money, Economy, Hellman & Friedman, Financial markets, Equity securities, Simpson Thacher & Bartlett, Private equity, Hellman, Financial adviser, At Home, Hellman & Friedman, AT HOME, HELLMAN & FRIEDMAN

With the completion of the acquisition, At Homes common stock ceased trading and the company is no longer listed on the New York Stock Exchange.

Key Points: 
  • With the completion of the acquisition, At Homes common stock ceased trading and the company is no longer listed on the New York Stock Exchange.
  • Hellman & Friedman takes great pride in partnering with outstanding management teams to invest in highly differentiated businesses with substantial room for growth.
  • Guggenheim Securities, LLC served as financial advisor and Simpson Thacher & Bartlett LLP was legal counsel to Hellman & Friedman.
  • Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on large-scale equity investments in high quality growth businesses.

Hellman & Friedman Completes Tender Offer for Outstanding Shares of At Home

Retrieved on: 
Friday, July 23, 2021
Retail, Home Goods, Professional services, Finance, Corporate finance, Tender offer, Tender, Mini-tender offer, At Home, Hellman & Friedman, AT HOME, HELLMAN & FRIEDMAN

The tender offer expired at 5:00 p.m. (New York City time) on July 22, 2021.

Key Points: 
  • The tender offer expired at 5:00 p.m. (New York City time) on July 22, 2021.
  • As of the final expiration of the tender offer, 39,002,798 shares had been validly tendered and not validly withdrawn from the tender offer, representing approximately 59.3% of the aggregate voting power of At Homes outstanding shares of common stock.
  • All such shares have been accepted for payment in accordance with the terms of the tender offer, and the Purchaser expects to promptly pay for such shares.
  • In addition, the Company has filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer.

Hellman & Friedman Announces Satisfaction of Minimum Condition in the Tender Offer for Shares of At Home Group and Extension of the Offer to Facilitate the Closing of the Transactions

Retrieved on: 
Wednesday, July 21, 2021
Department Stores, Finance, Office Products, Banking, Professional services, Home Goods, Catalog, Retail, Online Retail, Finance, Corporate finance, Money, Economy, Tender offer, Hellman & Friedman, Private equity, Tender, At Home, Hellman & Friedman, AT HOME, HELLMAN & FRIEDMAN

Accordingly, the minimum condition in the tender offer, which requires tender of at least one share more than a majority of all issued and outstanding shares of At Home, was satisfied as of the initial expiration time.

Key Points: 
  • Accordingly, the minimum condition in the tender offer, which requires tender of at least one share more than a majority of all issued and outstanding shares of At Home, was satisfied as of the initial expiration time.
  • The Purchaser is extending the expiration of the tender offer to 5:00 p.m., New York City time, on July 22, 2021 in order to coordinate the closing of the tender offer and the merger.
  • Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on large-scale equity investments in high quality growth businesses.
  • In addition, the Company has filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer.

At Home and Hellman & Friedman Amend Definitive Agreement to Increase Offer Price to $37.00 Per Share in Cash

Retrieved on: 
Wednesday, June 16, 2021
Professional services, Retail, Other Retail, Home Goods, Specialty, Finance, Corporate finance, Tender offer, Offer, At Home, Hellman & Friedman, AT HOME, HELLMAN & FRIEDMAN

Under the terms of the revised agreement, H&F will commence a tender offer to acquire all outstanding shares of At Home's common stock.

Key Points: 
  • Under the terms of the revised agreement, H&F will commence a tender offer to acquire all outstanding shares of At Home's common stock.
  • Erik Ragatz, Partner at H&F, said, This increased offer represents our commitment to completing this transaction expeditiously.
  • H&F is a disciplined investor, and this price increase represents our best and final offer for the Company.
  • Under the terms of the revised agreement, H&F will commence the tender offer on or before June 23, 2021.

At Home Group Inc. to Be Acquired by Hellman & Friedman for $2.8 Billion

Retrieved on: 
Thursday, May 6, 2021
Retail, Home Goods, At Home, Hellman & Friedman, AT HOME, HELLMAN & FRIEDMAN

Together with H&F, we will have the resources and flexibility to provide our customers with a differentiated experience that meets their evolving needs.

Key Points: 
  • Together with H&F, we will have the resources and flexibility to provide our customers with a differentiated experience that meets their evolving needs.
  • At Home\xe2\x80\x99s differentiated, low-cost operating model is disruptive to the traditional home channels and provides a strong opportunity for market share gain.
  • There can be no assurances that the \xe2\x80\x9cgo-shop\xe2\x80\x9d will result in a superior proposal.
  • The firm is currently investing its ninth fund, with $16.5 billion of committed capital, and has over $60 billion in assets under management as of December 31, 2020.