New Deal Sounds Great To Riverside December 17, 2013
Danish Microphone Manufacturer To Join Portfolio
The Riverside Company will invest in Allerød, Denmark-based DPA Microphones A/S (DPA). DPA is a manufacturer of high-end microphones for demanding professional users in application areas, such as theatre, broadcast, public address/live and studio. DPA sells its products through own sales offices in Denmark, the U.S. and Hong Kong as well as through a worldwide network of licensed distributors. DPA is preferred by many of the world’s top studios, broadcasters and recording artists.
“DPA is renowned for its innovative products with outstanding quality, durability and design, and offers a broad range of high-end microphones that meet highly demanding customer needs,” said Riverside Partner Thomas Blomqvist. “This is a solid foundation for further growth, and Riverside’s global network and experience in the audio industry should help propel DPA to further success.”
DPA makes an array of microphones geared toward professional users, including headset, lavalier, instrument, and vocal microphones. In addition, the company makes adaptors and a variety of accessories to complement its offerings.
“DPA is based on strong innovation and new product development, and enjoys a good reputation in the market. With Riverside as our partner, we are convinced that DPA will be able to reach its full potential,” said DPA CEO Christian Poulsen.
Riverside has long experience in the audio and electronics industry, inter alia due to its investment in German loudspeaker company Teufel, which was successfully divested in 2010, as well as its recent acquisition of BLUE Microphones, a U.S. manufacturer of consumer and performance microphones and related products.
Working with Blomqvist on the transaction for Riverside are Vice President Björn Larsson and Associate Martin Gustavsson. Principal for Origination Lars Eriksson sourced the opportunity for Riverside.
L.E.K., KPMG and Gorrissen Federspiel is performing commercial, financial and legal due diligence, respectively. Danske Bank will provide financing for the transaction.
The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 320 transactions. The firm’s international portfolio includes more than 70 companies.