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Michaels To Be Acquired, Taken Private in $5B Deal - Multichannel Merchant

Michaels To Be Acquired, Taken Private in $5B Deal March 5, 2021 Michaels, the Dallas-based retail chain known for supplying do-it-yourself crafters for more than 45 years, is once again being acquired by a private equity firm after a seven-year run as a public company and an impressive valuation run in a very difficult year for the industry. Apollo Global Management will acquire Michaels and its 1,275-plus U.S. stores for $5 billion, in a deal valuing the retailer at $3.3 billion. Michaels had once again gone public in 2014, eight years after being acquired and taken private by Bain Capital and Blackstone in a $6 billion deal.

Apollo Global Management to Buy Michaels in $5B Deal

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