Today's Transactions
A compilation of the most recently announced middle-market deals and other M&A developments, updated continuously throughout the day
December 29, 2011
Updated 11:25 a.m., Thursday, December 29
Global private equity firm TPG Capital, as part of a joint bid, acquired all outstanding shares of common stock of Fushi Copperweld Inc. TPG Growth Asia teamed with Fushi Copperweld's chairman and co-chief executive officer Li Fu and Abax Global Capital to complete the deal, the firm announced late Wednesday. Ropes & Gray LLP provided buy-side legal counsel out of its Hong Kong office with a team that included Brian Schwarzwalder, Scott Jalowayski, William Chou and Peng Yu, with Taylor Hart assisting from Boston.
Golub Capital said late Wednesday that it was providing debt financing to support Freeman Spogli & Co.’s acquisition of Bradenton, Fla.-based First Watch Restaurants Inc. Terms of the deal have not been disclosed. First Watch owns 82 restaurants spanning nine states. Freeman Spogli is a private equity firm with offices in Los Angeles and New York.
Home improvement retail chain Lowe’s Companies Inc. purchased ATG Stores, an online retailer based in Kirkland, Wash. Terms of the deal, meant to improve Lowe’s online presence, were not disclosed. ATG Stores will remain an independent, wholly-owned subsidiary of Mooresville, N.C.-based Lowe’s.
Evansville, Ind.-based contractor Skanska USA acquired cross-town rival Industrial Contractors Inc. (ICI) along with three of its affiliates: Professional Consultants Inc., Tri-State Refractories Corp. and Industrial Equipment Inc. Terms of the deal were not disclosed. ICI completed the transaction through its civil engineering and construction contracting business. Skanska and ICI will collaborate on projects in geographic markets where both companies serve clients, mainly within Indiana, Illinois, Ohio, West Virginia and Kentucky.
For more information on related topics, visit the following:
