THL Capital-Backed Nortek "Analyzing Capital Structure"

NTK Holdings Inc. (Nortek), a Providence, R.I.-based maker of ventilation, air conditioning and heating products, said that it is analyzing its capital structure "in light of current economic conditions." It has retained both Blackstone Group and Weil, Gotshal & Manges as advisors. THL Partners acquired NTK from Kelso & Co. in 2004, and held a 66.48% equity stake as of late 2007, when NTK canceled a proposed $690 million IPO.

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