Imerge was created in 1997 and spun out of the Generics Group in September 1998. The company was then backed by a number of the UK’s leading technology investors.
At the time of the transaction Imerge was a recognised leader in Internet-connected hard disk-based audio products and Media Appliances.
Headquartered in Providence, Rhode Island, Nortek was established in 1967. With subsidiary companies throughout the US and around the world, Nortek is a leading manufacturer and distributor of residential and commercial building products.
Clarity advised the shareholders of Imerge on all aspects of the transaction, including positioning the business for sale, soliciting interest from buyers and completing the transaction.
Clarity managed the overall auction process to global buyers and the ultimate sale of Imerge to US-based Nortek.
“Clarity worked very hard to make this transaction happen and we are pleased with the result and the work they did in positioning the business for sale, soliciting interest from buyers and completing the transaction.”
CEO, Generics Asset Management