Simpson Thacher is representing Hellman & Friedman in 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.
The Simpson Thacher team includes Kathryn King Sudol, 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).