New Deal Sounds Great to DPA Microphones

Author:
Publish date:

Danish microphone manufacturer to start 2014 with The Riverside Company as its new partner

ALLEROED, DENMARK, DECEMBER 17, 2013 –

Leading microphone manufacturer

DPA Microphones

has consolidated its position in the market by joining forces with

The Riverside Company

, a global private equity firm that focuses on acquiring strong and growing businesses. The Riverside Company’s investment in DPA Microphones will allow DPA to significantly expand its operation and grow the company at a much faster pace.

“DPA is already a very successful and profitable company, which has been experiencing a 15 percent increase in sales, year after year, for the last five years,” says Christian Hoff, CFO of DPA Microphones. “With Riverside involved, we anticipate even stronger sales growth in the next five years.” Riverside has extensive experience in the audio and electronics industry, having previously invested in German loudspeaker company Teufel, which was successfully divested in 2010. More recently, Riverside acquired BLUE Microphones, a U.S. manufacturer of consumer and performance microphones and related products. Riverside Partner Thomas Blomqvist explains that Riverside saw DPA Microphones as an attractive partner because it has an innovative and well-designed product range and an international reputation for delivering outstanding quality and durability. “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,” adds Blomqvist. Under the terms of the new deal, Hoff and Christian Poulsen, CEO of DPA Microphones, have retained their current positions in management and on the board, along with a 40 percent shareholding. Riverside is now the majority shareholder and will also have representation on the DPA board. “For our day to day operation, it is business as usual,” says Poulsen. “What has changed is our ability to capitalize on our current success and make this even more significant in the future. Riverside has an extensive network worldwide, many of whom are specialists in the audio industry and have deep technical knowledge and experience that we can exploit. This investment will allow us to develop new technologies and new products at a much faster pace. It will also allow us to move into new markets and attract more good people to our brand, while still properly supporting our existing customer and partner base.” DPA makes an array of microphones geared toward demanding professional users in application areas such as theater, broadcast, public address, live and studio. Its current product range includes headset, lavalier, instrument and vocal microphones. In addition, the company makes adapters and a variety of accessories to complement its offerings. DPA’s products are sold through the company’s own sales offices in Denmark, the U.S. and Hong Kong, as well as through a worldwide network of licensed distributors, and are used by many of the world’s top studios, broadcasters and recording artists. Working with Blomqvist on the transaction for Riverside were 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 performed commercial, financial and legal due diligence, respectively. Danske Bank provided financing for the transaction. Audon A/S, an M&A International Inc. firm, advised DPA Microphones.

About 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.

www.riversidecompany.com

or

www.riversideeurope.com

ABOUT DPA:

DPA Microphones is the leading Danish Professional Audio manufacturer of high-quality condenser microphone solutions for professional applications. DPA’s ultimate goal is to always provide its customers with the absolute finest possible microphone solutions for all its markets, which include live sound, installation, recording, theatre and broadcast. When it comes to the design process, DPA takes no shortcuts. Nor does the company compromise on its manufacturing process, which is done at the DPA factory in Denmark. As a result, DPA’s products are globally praised for their exceptional clarity and transparency, unparalleled specifications, supreme reliability and, above all, pure, uncolored and undistorted sound. For more information on DPA Microphones, please visit

www.dpamicrophones.com

.

Related

InSync-FrameFormerScreenshot

InSync Technology at the 2019 NAB Show

At the 2019 NAB Show, InSync will announce availability of the new FrameFormer plug-in for Adobe Premiere Pro for macOS. This addition to the range provides further flexibility and options for deploying FrameFormer.

BlackBox-Emerald_4KReceiver

Black Box at the 2019 NAB Show

At the 2019 NAB Show, Black Box will showcase products across its high-performance Emerald™ unified KVM (keyboard, mouse, video) portfolio and will unveil a new offering that enables even greater flexibility in establishing agile remote desktop connectivity. The Black Box booth, SL12716, will feature demo areas dedicated to Emerald KVM solutions that address the need for convenient and intuitive real-time access to multiple computers from multiple locations, whether across rooms, floors, buildings, sites, or even cities. Black Box offers consultation and design services along with every solution delivered, and the company's representatives at the 2019 NAB Show will highlight complete IP-based and 4K AV visualization and distribution solutions tailored to the unique requirements of modern control rooms, post and media productions, and broadcast playout environments.

Yamaha_UC_CS-700-App

Yamaha UC Brings IT-Ready UC Solutions to IT Partners France

Yamaha Unified Communications will demonstrate its broad portfolio of unified communication solutions (UC) in stand E67 at IT Partners France, March 13-14 at Disneyland Paris. Strengthening enterprise UC strategy through simple deployment and management while delivering best-in-class collaboration experiences, the company will feature its portable YVC-200 speakerphone for on-the-go conferencing, along with the CS-700 Video Sound Collaboration System for huddle rooms and the Yamaha YVC-1000 conference phone.