Michaels Cos., Inc.

Michaels Cos., Inc.

Michaels Cos., Inc.

Overview
Date Founded

1973

Headquarters

3939 West John Carpenter Freeway,Irving, TX 75063-2909

Type of Company

Public

Employees (Worldwide)

45K

Industries

Retail: Othe

Company Description

Michaels Cos., Inc. is an arts and crafts specialty retailer, which engages in the provision of materials, project ideas, and education for creative activities. It operates through the following segments: Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan's, and Darice. The company was founded by Michael Dupey in 1973 and is headquartered in Irving, TX.

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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer

Executive Vice President & Chief Operating Officer

Executive Vice President, General Counsel & Secretary

Chief Marketing Officer & Executive Vice President

Executive Vice President & Chief Information Officer

Chief Human Resources Officer & Executive Vice President

Chief Supply Chain Officer

Senior Vice President & Chief Accounting Officer & Controller

Executive Vice President-Head of Innovation

Board of Directors

Director, President & Chief Executive Officer at Michaels Cos., Inc.

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Michaels Cos., Inc.
Owners & Shareholders
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Bain Capital Private Equity seeks produce superior investment returns for their investors. To achieve this, the firm adheres to 3 fundamental principles: a high-performance culture, a value-added investment approach and leveraging their institutional advantages. They tend to focus on investments in the software, hardware, information technology, healthcare and technology-driven business services sectors. The firm evaluates potential deal opportunities based on a people-intensive, consulting-based due diligence process that analyzes a company's financial performance, market growth potential, industry attractiveness and competitive position. Based on this analysis, and through close partnership with management, Bain Capital provides the needed support to successfully implement effective business plans that include acquisition development programs, corporate capital restructuring, scalable expansions designed to leverage competitive advantages and strategies for improving operating earnings.

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Contrarius Investment Management Ltd. is an active, contrarian manager which aims to create long-term wealth for clients by buying stocks they believe are trading below their intrinsic value and which are attractive relative to other opportunities. They follow a valuation-based investment approach, performing proprietary bottom-up research which seeks to determine the intrinsic value of an investment. The firm sells stocks when they believe they have reached their underlying intrinsic value or when they are less attractive than other opportunities, aiming to avoid the permanent loss which can result from continuing to hold a stock that ultimately corrects to fair value. Contrarius takes a long-term approach to investing, with a typical investment horizon of four years, believing that the ability to outperform in the long-term is largely determined by focusing on the long-term value of a business rather than short-term news flow.

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Steamboat Capital Partners aims to achieve superior, long-term compounded annual returns on capital while minimizing the risk of permanent loss. The firm employs a fundamental, value-oriented investment strategy with a principal focus on listed equity and debt securities they believe are mispriced relative to their intrinsic values. They also target event-driven situations involving certain corporate events (such as an acquisition, liquidation, reorganization, litigation, spin-off or other situation). Steamboat Capital Partners invests opportunistically across sectors and market capitalizations.

Recent Transactions
Details Hidden

Apollo Global Management, Inc. /Private Equity purchases Michaels Cos., Inc.

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Gordon Brothers Group LLC purchases Michaels Cos., Inc. /Wholesale Business from Michaels Cos., Inc.

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Michaels Cos., Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Escrow Agent

Advised onMichaels Cos., Inc. issued USD Common Stock

Underwriter

Advised onMichaels Cos., Inc. issued USD Common Stock

Underwriter

Advised onMichaels Cos., Inc. issued USD Common Stock

Legal Advisor

Advised onMichaels Cos., Inc. issued USD Common Stock

Co-Chair, CleanTech & Energy Practice

Advised onMichaels Cos., Inc. issued USD Common Stock

Executive Director

Advised onMichaels Cos., Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Publicist

Managing Director at ICR, Inc.

Publicist

Director, External Communications at Helen of Troy Ltd.

Clients

Carnival Corporation & plc is a global cruise company and one of the largest vacation companies in the world. Our portfolio of leading cruise brands includes Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK), and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; Iberocruceros in Spain; and P&O Cruises (Australia) in Australia. These brands, which comprise the most recognized cruise brands in North America, the United Kingdom, Germany and Italy, offer a wide range of holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. We also own a tour company that complements our cruise operations: Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Combined, our vacation companies attract 10 million guests annually

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise; Europe and Asia (EA) Cruise Operations; Cruise Support; and Tour and Others. The North America and Australia (NAA) Cruise segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe and Asia (EA) Cruise Operations segment comprises of AIDA, Costa, Cunard, P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.

Boys & Girls Clubs offers club programs and services and enhance the development of boys and girls by instilling a sense of competence, usefulness, belonging and influence. Boys & Girls Clubs of America offers school programs throughout the United States. The firm's programs include character and leadership, education and career, health & life skills, the arts, sports, fitness and recreation. Boys & Girls Clubs of America was founded in 1860.

Key Stats and Financials As of 2021
Market Capitalization
$3.11B
Total Enterprise Value
$5.31B
Earnings Per Share
$1.98
Net Profit
$295M
EBITDA
$1.07B
EBITDAMargin
20.29%
Total Debt
$4.2B
Total Equity
$-1.2B
Enterprise Value / Sales
1.01x
Enterprise Value EBITDAOperating
3.37x
TEVNet Income
18.01x
Debt TEV
0.79x
Three Year Compounded Annual Growth Rate Of Revenue
-0.57%
Revenue
$5.27B
Non-Profit Donations & Grants
$10K - $25K
2018
Investors
Details Hidden

Bain Capital Private Equity seeks produce superior investment returns for their investors. To achieve this, the firm adheres to 3 fundamental principles: a high-performance culture, a value-added investment approach and leveraging their institutional advantages. They tend to focus on investments in the software, hardware, information technology, healthcare and technology-driven business services sectors. The firm evaluates potential deal opportunities based on a people-intensive, consulting-based due diligence process that analyzes a company's financial performance, market growth potential, industry attractiveness and competitive position. Based on this analysis, and through close partnership with management, Bain Capital provides the needed support to successfully implement effective business plans that include acquisition development programs, corporate capital restructuring, scalable expansions designed to leverage competitive advantages and strategies for improving operating earnings.

Suppliers
Demandware LLC Internet Software & Services | Burlington, Massachusetts

Demandware LLC provides cloud-based digital commerce solutions for retailers and branded manufacturers. The firm offers demandware and sales force commerce cloud, a digital commerce platform that enables customers to establish and execute complex digital commerce strategies, facilitates customers in global expansion, omni-channel processes, multi-brand and multi-site rollouts, predictive merchandising and in-store operations. The company was founded by Stephan Schambach and Wayne R. Whitcomb in 2004 and is headquartered in Burlington, MA.

First Capital Realty, Inc. Real Estate | Toronto, Canada

First Capital Realty (TSX: FCR) is Canada’s leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres located predominantly in growing urban markets. As at September 30, 2012, the Company owned interests in 172 properties, including six under groundup development, totalling approximately 24.2 million square feet of gross leasable area and four sites in the planning stage for future retail development. As of September 30, 2012, 27 projects at 19 properties comprising 597,829 square feet of GLA have been certified to LEED®. First Capital Realty’s primary strategy is the creation of value over the long term by generating sustainable cash flow and capital appreciation of its shopping centre portfolio. To achieve its strategic objectives Management continues to: • be focussed and disciplined in acquiring well-located properties, primarily older centres and adjacent sites to existing properties in the Company’s target urban markets; • undertake selective development, redevelopment and repositioning activities on its properties including land use intensification; • proactively manage its existing shopping centre portfolio; • increase efficiency and productivity of operations; and • seek the lowest cost of capital over the long term. First Capital Realty was incorporated in November 1993 and conducts its business directly and through subsidiaries. Management, in measuring the Company’s performance or making operating decisions, distinguishes its operations on a geographical basis. The Company operates solely in Canada, in three operating regions: Eastern region which primarily includes operations in Quebec, Central region which includes the Company’s Ontario operations; and Western region which includes operations in Alberta and British Columbia. The regions are reported in a manner consistent with internal reporting provided to the chief operating decision maker in the Company.

SmartCentres Real Estate Investment Trust Accounting & Financial Services | Vaughan, Canada

SmartCentres Real Estate Investment Trust is an open-ended mutual fund trust. The firm focuses on the development and ownership of retail properties. It also pursues mixed-use development and intensification opportunities including residential, retirement homes, office and self-storage. The company was founded on December 4, 2001 and is headquartered in Vaughan, Canada.

Competitors
Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Hobby Lobby Stores, Inc. Wholesale: Consumer Durables - Oklahoma City, OK

Hobby Lobby is primarily an arts-and-crafts store but also includes hobbies, picture framing, jewelry making, fabrics, floral and wedding supplies, cards and party ware, baskets, wearable art, home decor and holiday merchandise.

Jo-Ann Stores LLC Retail: Other - Hudson, Ohio

Jo-Ann Stores LLC operates as a fabric and craft specialty retailer. It offers products for apparel, craft and home decor sewing and quilting, as well as a range of components, tools and kits for crafters of all ages. The company was founded in 1943 and is headquartered in Hudson, OH.

Awards & Honors
Rank #517
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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