The Michaels Companies, Inc.
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The Michaels Companies, Inc. - overview
Established
1973
Location
Irving, TX, US
Primary Industry
Retail
About
Founded in 1973 and based in Texas, US, The Michaels Companies, Inc. , a. k. a Michaels and is a retailer.
In June 2014, Michaels Stores, Inc. raised USD 472 million in an IPO on the Nasdaq, trading under the ticker symbol MIK. Ans in April 2021, Apollo Global Management acquired The Michaels Companies from Bain Capital and Blackstone Group for an enterprise value of USD 5 billion in a public-to-private deal. As of 2021, the company is led by its CEO Ashley Buchanan, and has more than 1,252 Michaels stores in the U.
S. and Canada with approximately 45,000 employees. Michaels Companies' line products include art supplies, papercraft, apparel craft, beads and jewelry, sewing machines, costumes, crafts storage, baking supplies, framing, floral, home décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. The company's brands include Artistree, Michaels, Recollections®, Studio Decor®, Bead Landing®, Creatology®, Ashland®, Celebrate It®, ArtMinds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Simply Tidy, Make Market®, Foamies®, LockerLookz®, Imagin8®.
In its fiscal 2020, the company generated USD 5. 3 billion in revenue.
Current Investors
Apollo
Primary Industry
Retail
Sub Industries
Consumer Products, Home Improvement & DIY
Website
www.michaels.com
Verticals
E-commerce
Company Stage
Mature
Total Amount Raised
Subscriber access only
The Michaels Companies, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private, Secondary Buyout | Completed | The Michaels Companies, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | The Michaels Companies, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | The Michaels Companies, Inc. | - | ||||||||
| Add-on | Completed | Hancock Fabrics, Inc. | - | ||||||||
| IPO | Completed | The Michaels Companies, Inc. | - |
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