Tile Shop To Go Public In $500M Deal With JW Childs Unit

Law360, New York (June 27, 2012, 2:31 PM EDT) -- The Tile Shop will go public in a deal with JWC Acquisition Corp. worth $500 million, the two announced Wednesday, uniting the pair under the banner of a new holding company the high-end tile retailer says will give it access to greater capital.

JWC, a special-purpose acquisition company, was formed in 2010 by Massachusetts private equity firm J.W. Childs. Also known as “blank check” companies, entities like JWC exist specifically to link with a successful private company that could conceivably do well in public trading....
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