Alantra Partners SA

12/11/2018 | Press release | Distributed by Public on 12/11/2018 10:45

Alantra advised The Riverside Company on the sale of DPA Microphones to the Italian-based RCF Group

Stockholm and Frankfurt, December 11th, 2018 - Alantra, a global investment banking and asset management company focused on the mid-market segment has advised The Riverside Company ("Riverside") on the sale of DPA Microphones A/S ("DPA"), a leading premium brand in the high-end professional audio microphone industry, to RCF Group S.p.A ("RCF Group") for an undisclosed amount. The transaction is expected to close in January 2019.

Over its 25-year history, DPA has grown from a local Danish player to a global leader and the #1 premium brand in the high-end professional microphone market. The company offers comprehensive and optimal solutions for sound engineers and provides mission-critical products for the professional sound chain for use in theater, broadcast, live and studio applications. DPA's products stand for outstanding reliability, quality, design and clearest sound.

RCF Group, backed by the private equity minority shareholders Palladio Holding and Amundi Private Equity Funds, is one of the major worldwide players in the design, production and commercialization of professional audio solutions in the retail, install and touring market. With its 500 employees, the RCF Group generates over 80% of its revenues outside of Italy in 130 countries worldwide.

Kalle Hvidt Nielsen, CEO of DPA: "DPA is on a very exciting growth journey, driven largely by a string of new products that we are currently bringing to the market. The management team is very excited about joining forces with the RCF Group and we see the combination as a real powerhouse in the Professional Audio industry. On behalf of the whole management team, I would also like to thank the Alantra team for their support throughout the process. We have been impressed by their strong commitment and high-quality process management."

"When making our decision to select Alantra to advise us on the sale of DPA the key factor was the energy and motivation we perceived from the Alantra engagement team. I think their team really delivered on that promise during what was a highly competitive and well-organised sale process. We are very pleased with the outcome of the process and the services provided by Alantra", added Karsten Langer, Managing Partner of Riverside.

"The sale of DPA represents a great finish to 2018, which was the year in which we truly established Alantra as a leading global mid-market player in the Nordics. We are extremely pleased and humbled to have worked with the excellent teams at DPA and Riverside" added Jonas Bauréus, Managing Partner at Alantra.

The transaction was led by an integrated team from Alantra's Frankfurt and Stockholm offices and included amongst others Jonas Bauréus (Managing Partner) and Christoph Handrup (Managing Director). The deal team was supported by Alantra's international offices in Italy, the US, China, Belgium, France and the UK for local buyer contacts.