Odewald acquires d&b audiotechnik

The investor sourced the deal via an auction exclusively run by Berenberg Bank, Frankfurt. The transaction is subject to merger control approval.

The capital will be used to achieve further growth of the company by increasing its market share in existing international markets and expansion into new markets, mainly in Central and Eastern Europe, Asia and South America, as well as by enlarging d&b's product portfolio.

Previous funding
In November 2007 Afinum acquired d&b audiotechnik GmbH in a buyout transaction from its founders and several shareholders.

Debt
A debt structure was provided by UniCredit, Munich, and DZ Bank, Frankfurt.

Company
d&b audiotechnik is headquartered in Backnang, Germany, and has been developing, manufacturing and distributing loudspeaker systems since 1981. The company operates internationally in the field of electroacoustics to produce high quality products for the reinforcement of speech and music. d&b's loudspeakers are used globally in rental and installation markets for events, multimedia, musicals, concert halls, theatres, opera houses and broadcast.

The company operates under the brand d&b and has sales subsidiaries in the US, UK, Japan, France, Italy and Spain. In 2010, d&b generated sales of approximately €41m, while employing some 200 people.

People
Afinum was represented by Dr Gernot Eisinger, Dr Jochen Klemmer and Tobias Fauser. Odewald & Compagnie's deal team consisted of Torsten Krumm, Andreas Fetting, Ilja Reiner, Sven Matiebe and Robert Meusel.

Advisers
Equity – Heuking Kühn Lüer Wojtek, Cologne, Dr Pär Johansson, Dr Christoph Schork (Legal); Rölfs WP Partner AG, Arndt Rautenberg, Markus Kurzhals, Jossip Hesse (Financial & commercial due diligence and tax).
Management – Kleeberg & Partner, Munich, Robert Hörtnagel, Christoph Bode (Legal)
Debt - Clifford Chance, Barbara Mayer-Trautmann, Thomas Weitkamp, Alexandra Wieczorek, Arne Kuder, Dr Nicole Englisch, Dr Michaela Matthes-Branscheid, Thorsten Sauerhering (Legal)
Vendor – Berenberg Bank, Frankfurt, Dr Ronald Weihe, Dirk-Oliver Löffler, Dr Roland Schulz, Katarzyna Wojcik (M&A); Ulsenheimer Friederich Rechtsanwaelte, Munich, Dr Hermann Rock (Legal); CMS Hasche Sigle, Munich, Dr Oliver Thurn, Dr Martin Kuhn (Legal); KPMG, Stuttgart, Johannes Weiler, Markus Heidelberger, Elen Dinges (Financial due diligence); KPMG, Stuttgart, Florian Geiger, Matthias Hülsmann (Tax); goetzpartners, Munich, Dr Wolfram Römhild, Michael Hommert, Dr Frank Schwenold (Commercial due diligence).

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• Topics
• DACH
• Buyouts
• Technology
• Germany
• Secondary buyout