Riverside backs DPA Microphones

Riverside will be the majority shareholder with both the DPA CEO and CFO retaining their positions along with a 40% shareholding. Danske Bank will provide financing for the transaction.

Riverside has previously invested in Berlin-based loudspeaker company Teufel in 2006 for an estimated €25m-€50m, which it divested in 2010. It recently acquired Blue Microphones, a US manufacturer of consumer and performance microphones and related products.

Founded in 1988, The Riverside Company acquires companies valued up to €200m. Since its inception, Riverside has invested in 320 transactions and its portfolio includes more than 70 companies.

Company
DPA manufactures high-end microphones for professional users in areas such as theatre, broadcast, public address/live and studio use. The company also makes adapters and accessories.

DPA sells its products through its own sales offices in Denmark, the US and Hong Kong as well as through an international network of licensed distributors.

People
Thomas Blomqvist, partner at Riverside, led the deal. Riverside vice president Björn Larsson and associate Martin Gustavsson also worked on the deal. Lars Eriksson, principal for origination at Riverside, sourced the deal. Christian Poulsen is the CEO of DPA.

Advisers
Equity - LEK (Commercial due diligence), KPMG (Financial due diligence) Gorrissen Federspiel (Legal).

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