PLANO, Texas — Hellman & Friedman, a world personal fairness agency, has entered right into a definitive settlement to amass At Residence 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 perfect accomplice to advance our At Residence 2.0 long-term technique,” stated Lee Hen, At Residence chairman and CEO. “Collectively, we could 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 Residence.”
Beneath the phrases of the settlement, At Residence stockholders will obtain $36 per share in money, which represents a premium of roughly 17% to the corporate’s closing inventory value 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 value.
“Because the main worth retailer of house décor providing unmatched breadth and depth of