On July 23, private equity firm Hellman & Friedman (H&F for short) has officially completed the acquisition of At Home, an American home furnishing retailer.

H&F has completed the purchase of all the issued common shares of At Home. As H&F accepted 59% of the At Home shares in the tender offer, it obtained a sufficient number of At Home shares to complete the merger. The remaining At Home common stock will be converted at $37 per share in cash, which is equivalent to the price per share in the tender offer.

On the night of the acquisition, At Home also ceased trading on the New York Stock Exchange and became a privately held company controlled by H&F.

"H&F is very proud to work with an excellent management team and invest in a highly differentiated business with huge room for growth. At Home fully meets these requirements." H&F partner Erik Ragatz said.

"We believe that the unique shopping experience and impressive value that At Home provides to consumers will enable the company to continue to grow and occupy market share in the next few years. We have great confidence in the At Home team to realize this potential."

Previously, CAS Investment Partners, the largest shareholder of At Home, made it clear that it opposed the transaction, saying that the transaction "severely underestimated" the value of the company. CAS owns approximately 17% of the company' s shares and urges the board of directors to follow the revised terms that "accurately reflect the company' s commitment and value creation potential."

Lee Bird, Chairman and CEO of At Home, said: "This transaction will prompt us to work with H&F to help us continue to expand, increase our products and strengthen our position as a leading home furnishing retailer."