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New Deal


Announced

Completed

Sterling Group completed the acquisition of Ergotron from Melrose for $650m.

Financials

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Transaction Value£520m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

desks

Majority

Acquisition

Private

Single Bidder

Specialty Retailers

United States

Private Equity

Friendly

office appliance

Completed

Synopsis

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Sterling Group, a private equity investment firm, completed the acquisition of Ergotron, a maker of ergonomic desks and office accessories, from Melrose, a global investment company, for $650m. "Ergotron is a pioneer in ergonomic solutions, and its strong market position and commitment to its customers and employees seamlessly align with Sterling's employee-focused approach to partnerships. We look forward to supporting the management team as they look to accelerate growth," Brad Staller, The Sterling Group Partner.

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