A month after Morgan, Lewis & Bockius helped The Pep Boys strike a deal to go private in a $1 billion buyout, the firm is advising a company taking control of rival auto repair chain Midas for $310 million.
Morgan Lewis business and finance partners Alan Neuwirth and Bradley Edmister in New York are advising tire distributor TBC, a subsidiary of Japan’s Sumitomo, on its acquisition of Midas. Reuters reports that the transaction’s terms call for TBC to pay $173 million in cash and assume $137 million in Midas debt.
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