Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday.

G Capital will acquire footwear maker Skechers USA Inc. for $9.4 billion, marking a splashy return to dealmaking for the investment firm after nearly four years.

Skechers is going private with global investment firm 3G Capital for about $9.4 billion. Investors in the shoemaker have the option of $63 for every share they own, or $57 and one unlisted equity unit of the newly formed parent of Skechers. CEO Robert Greenberg and the Skechers executive team will continue to lead the company.