MidOcean snaps up Lehman's debut buyout

Lehman Brothers Merchant Banking has sold the first company it bought when it returned to the leveraged buyout market in 2003 to MidOcean Partners.

It will sell Hunter Fan, which makes fans, decorative lamps and fixtures, to MidOcean, the private equity firm spun out of Deutsche Bank in 2003, for an undisclosed amount.

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