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The Wall Street Journal commented. The deal with Melrose is also expected to reduce the debt burden of Nortek, which emerged from Chapter 11 protection in 2010. Barclays, Citi and RBC Capital Markets are acting as financial advisors and Weil, Gotshal & Manges LLP is acting as legal counsel to Nortek. Nomura International is acting as financial advisor and Simpson Thacher & Bartlett LLP is acting as legal counsel to Melrose. Melrose, founded in 2003, is a London-based investment company specializing in the acquisition and performance improvement of underperforming businesses. Its strategy is to improve the businesses through a combination of investment, changed management focus, overhead reduction and gross margin expansion. Melrosre then sells the businesses and returns the proceeds to shareholders. The company’s current principal operating subsidiary is Brush Turbogenerators, the world’s largest independent manufacturer of electricity-generating equipment for the power generation, industrial, oil & gas and offshore sectors. Brush was part of FKI, which Melrose acquired in 2008. Melrose previously bought and sold diecast parts and components manufacturer Dynacast, engineering group McKechnie, and metering business Elster.]]>