Simpson Thacher Represents Goldman Sachs & Co. in Secondary Offering of 12.5 Million Shares of Common Stock of The Michaels Companies, Inc.
07.20.15
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The Firm recently represented Goldman Sachs & Co., as underwriter in connection with a registered public offering of 12,500,000 shares of common stock of The Michaels Companies, Inc. (“Michaels”) (NASDAQ: MIK). A total of approximately $331.4 million in proceeds before expenses was raised in the offering. Affiliates of Bain Capital Partners, LLC and The Blackstone Group and certain other selling stockholders received all of the proceeds from the offering.
Michaels is the largest arts and crafts specialty retailer in North America based on store count as well as a market-leading vertically integrated custom framing business.
The Simpson Thacher team included Rhett Brandon, Mark Brod, Alex Muller and Nelli Zaltsman (Capital Markets); Michael Isby and Timothy Mulvihil (Environmental); Jamin Koslowe and Nadine Mompremier (Executive Compensation and Employee Benefits); Andrew Pagliughi (FINRA); Marcela Robledo and Sage Hughes (Intellectual Property); and Jonathan Cantor and Jodi Sackel (Tax).