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Deal Detail

The Michaels Companies Inc. to Apollo Global Management

General RetailSpecialty/Mar 2021
EV / LTM EBITDA
6.9x
EV / LTM Sales
-
Enterprise Value
$5.0B
Primary Source
Evercore

Comparable Transactions

General Retail transactions announced in the five years to March 2021. 21 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Feb 2021DTLR Villa LLCJD Sports Fashion PLC$495M-10.9xStrategic
Jan 2021Pet Supplies PlusFranchise Group, Inc.--8.8xStrategic
Dec 2020Sportsman's WarehouseGreat Outdoors Group, LLC--6.0xStrategic
Aug 2020Hudson Ltd.Dufry AG$1.1B-5.7xStrategic
Jun 2020GNC Holdings IncHarbin Pharmaceutical Group$780M-6.9xStrategic
Dec 2019American Freight Group, Inc.Franchise Group, Inc.--9.6xStrategic
Aug 2019Party City (Canada)Canadian Tire Company--9.9xStrategic
Aug 2019Vitamin Shoppe, Inc.Franchise Group, Inc.--3.8xStrategic
Jun 2019Barnes & Noble Education, Inc.Elliott Management Advisors L.P.$603M-5.7xFinancial
Jun 2019Barnes & Noble Inc.Elliott Management Advisors--5.7xFinancial
Nov 2018GreencrossTPG Capital--10.0xFinancial
Oct 2018Marshall Retail GroupWH Smith plc--13.7xStrategic
Mar 2018The Finish Line, Inc.JD Sports Fashion PLC$464M-4.7xStrategic
Feb 2018GNC Holdings, Inc.Harbin Pharmaceutical Group Co., Ltd.--7.3xStrategic
Jul 2017HSNLiberty Interactive / QVC$2.6B-9.8xStrategic
Jun 2017West MarineMonomoy Capital--6.4xFinancial
Jun 2017The Body ShopNatura Cosmetics SA--13.0xStrategic
Jun 2017Staples, Inc.Sycamore Partners$6.6B-5.0xFinancial
Feb 2017MBS Textbook Exchange, LLCBarnes & Noble Education--3.2xStrategic
Nov 2016The Good GuysJB Hi-Fi Limited$651M-9.2xStrategic
Oct 2016Cabela's IncorporatedBass Pro Group, LLC$4.8B-10.3xStrategic
Mean-7.9x
Median-7.3x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionFL FOEvercore2025$5.0B-6.9x-HardlinesOpen
-manualHIBB-2024$5.0B-6.6x--Open