Hellman & Friedman’s $2.8 Billion Acquisition of At Home Group

Simpson Thacher represented Hellman & Friedman, while Fried, Frank, Harris, Shriver & Jacobson LLP represented the Special Committee of the Board of Directors of At Home Group Inc. in the transaction.

Hellman & Friedman executed its acquisition of At Home Group Inc. for $2.8 billion. The transaction is expected to close in the third quarter of calendar year 2021, subject to regulatory approvals and other customary closing conditions.

At Home is a leading home décor superstore that sells furniture, décor and other home goods like bedding and seasonal decorations in more than 200 stores in 40 states.

Under the terms of the merger agreement, At Home may solicit alternative acquisition proposals from third parties during a 40-day “go-shop” period following the date of execution of the merger agreement. The merger agreement provides Hellman & Friedman with a customary right to match any superior proposal.

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. 

The Simpson Thacher team advising Hellman & Friedman included Kathryn King Sudol (Picture), Katherine Krause and Caitlin Locurto (M&A); Brian Steinhardt, Dean Masuda, Simone Worthy and Kyle Nelson (Banking and Credit); Russell Light, Tyler Robbins and Zachary Fialkow (Tax); David Rubinsky and Joo Hyun Lee (Executive Compensation & Employee Benefits); Lori Lesser and Melanie Jolson (Intellectual Property); Timothy Mulvihill (Environmental); Krista McManus and Stephanie Brenner (Real Estate); Sara Razi, Kelly Karapetyan, Jonathan Porter and Tomi Mendel (Antitrust).

The Fried Frank team was led by corporate partners Warren S. de Wied and Steven J. Steinman, and included corporate partners Erica Jaffe, Caroline Sandberg, and Ezra Schneck; antitrust and competition partner Nathaniel L. Asker; executive compensation & ERISA partners Amy L. Blackman and Jeffrey Ross; litigation partner Scott B. Luftglass; tax partner Eli Weiss; corporate special counsel Brian C. Drozda; executive compensation & ERISA special counsel Joshua S. Gelfand; corporate associates Alexander G. Feldsott, Scott R. French, P. Ryan Messier, and Benjamin Whitman; antitrust and competition associate Summer K. Quintana; and tax associate Tzvi Weisz.

Involved fees earner: Nathaniel Asker – Fried Frank Harris Shriver & Jacobson; Amy Blackman – Fried Frank Harris Shriver & Jacobson; Warren de Wied – Fried Frank Harris Shriver & Jacobson; Brian Drozda – Fried Frank Harris Shriver & Jacobson; Alexander Feldsott – Fried Frank Harris Shriver & Jacobson; Joshua Gelfand – Fried Frank Harris Shriver & Jacobson; Erica Jaffe – Fried Frank Harris Shriver & Jacobson; Scott Luftglass – Fried Frank Harris Shriver & Jacobson; P. Ryan Messier – Fried Frank Harris Shriver & Jacobson; Summer Quintana – Fried Frank Harris Shriver & Jacobson; Tyler Robbins – Fried Frank Harris Shriver & Jacobson; Jeffrey Ross – Fried Frank Harris Shriver & Jacobson; Caroline Sandberg – Fried Frank Harris Shriver & Jacobson; Ezra Schneck – Fried Frank Harris Shriver & Jacobson; Steven Steinman – Fried Frank Harris Shriver & Jacobson; Eli Weiss – Fried Frank Harris Shriver & Jacobson; Tzvi Weisz – Fried Frank Harris Shriver & Jacobson; Benjamin Whitman – Fried Frank Harris Shriver & Jacobson; Scott French – Latham & Watkins; Stephanie Brenner – Simpson Thacher & Bartlett; Zachary Fialkow – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Kathryn King Sudol – Simpson Thacher & Bartlett; Katherine Krause – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Russell Light – Simpson Thacher & Bartlett; Caitlin Locurto – Simpson Thacher & Bartlett; Dean Masuda – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Tomi Mendel – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Kyle Nelson – Simpson Thacher & Bartlett; Jonathan Porter – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Brian Steinhardt – Simpson Thacher & Bartlett; Simone Worthy – Simpson Thacher & Bartlett;

Law Firms: Fried Frank Harris Shriver & Jacobson; Latham & Watkins; Simpson Thacher & Bartlett;

Clients: At Home Group Inc. – Special Committee of the Board of Directors; Hellman & Friedman;

Author: Sonia Carcano