HgCapital acquires Teufel Speakers
HgCapital has acquired a majority stake in German speakers manufacturer Teufel from Riverside.
Hg's listed investment trust has contributed around £8.8m, representing 15% of Hg's total investment. Management will retain a significant stake in the business. The overall value of the secondary buyout has not been disclosed.
Riverside had acquired Teufel in 2006; the deal value was estimated to be in the €25m-€50m range.The Berlin-based company designs, markets and retails its own brand of audio speakers systems.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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