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....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.