PRINT THIS PAGE US-based TH Lee to buy Nortek for $1.75bn16/07/2004. Source: AltAssets. 
 US-based Thomas H Lee Partners has agreed to acquire Nortek, a designer and manufacturer of building products, from private equity firm Kelso for $1.75bn. The deal represents the firm's sixth deal in the past 12 months.
Nortek was listed on the New York stock exchange before it was taken private by Kelso in a management buy-out in January 2003. In the first quarter of the year it posted net earnings of $76.6m, according to the Financial Times.
Thomas H Lee currently manages in the region of $14bn.
Copyright © 2004 AltAssets
|
