September 22, 2021

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H&F formally acquires At Dwelling Group Inc.

PLANO, TX. — Hellman & Friedman, a personal fairness agency, has formally accomplished the acquisition of all the excellent shares of widespread inventory of At Dwelling Group Inc.

On account of its acceptance of the 59% of At Dwelling shares tendered within the tender supply, H&F has acquired a adequate variety of At Dwelling shares to finish the merger.

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

Upon the official completion of the merger later right this moment, At Dwelling will turn into a privately held firm managed by H&F, and its widespread inventory will stop buying and selling on the New York Inventory Trade.

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

The biggest shareholder of At Dwelling 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 mirror the corporate’s promise and worth creation potential.”

At Dwelling provides as much as 50,000 dwelling 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 permit us to associate with H&F to assist proceed our retailer growth, develop our providing and strengthen our place because the main retailer of dwelling décor,” mentioned Lee Fowl, At Dwelling chairman and CEO. ” I’m grateful to all our crew members whose exhausting work has contributed to At Dwelling’s success and made this transaction doable. I’m assured H&F will assist strengthen our enterprise.”

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