Simpson Thacher is representing Melrose Industries PLC (“Melrose”) in connection with its announced entry into an agreement to sell Ergotron, Inc. (“Ergotron”) to funds managed by the Sterling Group. The transaction is expected to close in the third quarter of 2022, subject to customary U.S. antitrust approvals.
With Melrose having sold its Nortek Air Management and Nortek Control businesses last year, Ergotron is the last of the businesses remaining from Melrose’s acquisition of Nortek, Inc. in 2016.
The Simpson Thacher team includes Eric Swedenburg, Jihyun Chung and Daniel Lee (M&A); Jonathan Goldstein and Preston Irace (Tax); Jamin Koslowe, Allison Sutherland and Guanxiong Xu (ECEB); Toby Chun (Environmental); Lori Lesser, Melanie Jolson, Rachelle Broida and Benjamin Hart (IP); Nicholas Goldin, Mick Tuesley, David Caldwell, Jennifer Ho and Samantha Sergent (Regulatory); and Peter Guryan, John Goheen, James Goldfeier, Kelly Karatpetyan and Jamie Logie (Antitrust).