IFLR1000

Melrose Industries $2.8 billion acquisition of Nortek

6/7/2016
Public acquisition
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$ 2.8 billion

Completed

6/7/2016

Overview:

  • Melrose Industries has acquired Nortek in a $2.8 billion deal.
  • UK-based Melrose paid $86 per share to acquire the US ventilation products manufacturer.
  • Nortek's products are used in 80% of US homes. 
  • This is the first acquisition by a UK company since the Brexit results were announced.

Kurt Stumpo - Journalist

Jurisdictions:

United States
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firms:
Shearman & Sterling

Party: Melrose (Acquirer)

Simpson Thacher & Bartlett

Party: Melrose (Acquirer)

Lawyers: Adam Signy, Clare Gaskell, Eric Swedenburg, Nicholas Shaw

Weil Gotshal & Manges

Party: Nortek (Target)

Lawyers: Chris McLaughlin, Michael Francies

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