At Home Group (HOME) Approaching Deal to be Bought by Hellman and Friedman LLC

What is Going on with HOME?

Hellman and Friedman LLC, a private-equity firm, is approaching a deal to buy At Home Group. While At Home Group struggled in the beginning of the pandemic as many businesses did, they have seen a recovery due to many consumers staying home and an increased interest in home and kitchen decoration. It is estimated that At Home Group has a market value of around $2 billion.

What This Means for HOME?

It is noted that private-equity firms (such as Hellman and Friedman LLC) have been more active lately in both buying and selling companies, moreover giving investors the chance to invest in target companies and avoid fund fees. In March, Hellman and Friedman bought a unit of Cardinal Health Inc. for around $1 billion. If a deal is made with At Home Group, it is believed that the company would value around the mid-$30s a share and the deal would take HOME private.

Overall Score - 73

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At Home Group Inc operates home decor superstores in the United States. The company’s stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, artificial flowers and trees, bedding and bath products, candles, garden and outdoor decor, holiday accessories, home organization, pillows, pottery, vases, and window treatments.