The Michaels Companies, Inc.’s Secondary Offering of 12 Million Shares of Common Stock


Simpson Thacher represented Credit Suisse Securities (USA) LLC, as underwriter, in connection with a registered public offering of 12,000,000 shares of common stock of The Michaels Companies, Inc. (“Michaels”) (NASDAQ: MIK).

A total of approximately $264.5 million in proceeds before expenses was raised in the offering. Affiliates of The Blackstone Group 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 Mark Brod (Picture), John Ericson, Brian Rosenzweig, Clark Warthen and Matthew Kemp (Capital Markets); Michael Isby and Timothy Mulvihill (Environmental); Jamin Koslowe and Nadine Mompremier (Executive Compensation and Employee Benefits); Andrew Pagliughi (FINRA); Marcela Robledo (Intellectual Property); and Jonathan Cantor and Michelle Goldring (Tax).

Involved fees earner: Mark Brod – Simpson Thacher & Bartlett; John Ericson – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Charles Clark Warthen – Simpson Thacher & Bartlett; Matthew Kemp – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Jamin Koslowe – Simpson Thacher & Bartlett; Nadine Mompremier – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Michelle Goldring – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Credit Suisse Securities Limited;