RCF GROUP ANNOUNCES THE ACQUISITION OF DPA MICROPHONES

RCF Group, one of the fastest growing organizations in the Pro Audio market, today announced the signing of a definitive agreement for the acquisition of DPA Microphones A/S ( DPA ) from The Riverside Company.

DPA, based in Allerod, Denmark, is the #1 premium brand in the high-end professional audio microphone market for the live, broadcast, theatre and studio end-user segments and is known as the undisputed quality leader in the industry, continuously pushing the boundaries with regards to performance and durability.

RCF Group, with Headquarters in Italy and branches in the USA and Europe, operates under the companies RCF, AEB Industriale (dB Technologies) and EAW and is an international leader in the design, production and sale of products and solutions for professional audio and installation systems. RCF Group generates over 80% of its revenues outside of Italy in 120 countries.

In 2017 two prominent European private equity players, Palladio Holding and Amundi Private Equity Funds, invested in RCF Group with a minority stake in order to support and enhance the group in its ambitious growth plans.

Following the September 2018 acquisition of EAW, with its iconic history in install and touring sound, the acquisition of DPA represents a second important milestone on RCF Group's impressive growth path.

Arturo Vicari, CEO of RCF Group stated: Since my early days I have been fascinated by the world of microphones. Our portfolio already represents excellence in pro audio and we are very proud to add to our roster DPA a company that also represents excellence in the microphone industry. We can now offer the complete audio chain, from microphones to speakers for the satisfaction of professionals around the world.

Kalle Hvidt Nielsen, CEO of DPA stated: We have come a long way during the past few years. Share of sales coming from new products is up from less than 5% to more than 40%, and all major areas in the business have been professionalized and streamlined. Now we look forward to a bright future under new ownership in a Group with an uncompromising quality oriented approach to the Pro Audio business just like ours.

Chiomenti provided legal assistance on the transaction for RCF Group, which was also assisted by New Deal Advisors for financial due diligence and by Deloitte for tax and legal due diligence.

RCF GROUP K BER DPA MICROPHONES

RCF Group, som er blandt de hurtigst voksende virksomheder i det professionelle lydmarked, offentliggjorde i dag indg elsen af en aftale om k bet af DPA Microphones A/S ( DPA ) fra The Riverside Company.

Danske DPA er det f rende premiumbrand p markedet for professionelle high-end mikrofoner til liveoptagelser, broadcast samt teater- og studiesegmenterne. Virksomheden er kendt som industriens ubestridt f rende kvalitetsproducent, der l bende udfordrer gr nserne for, hvad mikrofonerne kan yde og holde til.

RCF Group har hoveds de i Italien og kontorer i USA og Europa, og koncernen driver virksomhederne RCF, AEB Industriale (dB Technologies) samt EAW. Koncernen er en international markedsleder inden for design, produktion og salg af produkter og l sninger til professionelle audio- og installationssystemer. RCF Group skabte mere end 80% af koncernens oms tning i 120 lande uden for Italien.

I 2017 investerede de to prominente europ iske kapitalfonde Palladio Holding og Amundi Private Equity Funds i minoritetsandele i RCF Group med henblik p at underst tte og styrke koncernens ambiti se v kstplaner.

I forl ngelse af opk bet i september 2018 af EAW, som har en ikonisk historik med installations- og turn lyd, udg r k bet af DPA den anden vigtige milep l p RCF Group's imponerende v kstrejse.

Arturo Vicari, CEO i RCF Group sagde:

Siden mine helt unge dage har jeg v ret fascineret af mikrofonernes verden. Vores portef lje repr senterer i forvejen fremragende kvalitet inden for professionelle lydl sninger, og vi er meget stolte over at tilf je DPA en virksomhed, der leverer den samme fortr ffelige kvalitet. Vi kan nu tilbyde hele audiok dens produkter fra mikrofoner til h jttalere, s vi kan im dekomme professionelle brugeres behov verden over.

Kalle Hvidt Nielsen, CEO i DPA sagde:

Vi er kommet langt de senere r. Andelen af salget fra nye produkter er steget fra under 5% til over 40%, og alle st rre forretningsomr der er blevet professionaliseret og str mlinet. Nu ser vi fremad mod en lys fremtid under nyt ejerskab i en koncern, der har den samme kompromisl se tilgang til kvalitet i professionel lyd som os.

Chiomenti ydede juridisk bistand til RCF Group, som ogs blev r dgivet af New Deal Advisors vedr rende finansiel due diligence og Deloitte i forbindelse med skattesp rgsm l og juridisk due diligence.

LINK:	https://www.dpamicrophones.com/news/rcf-group-announces-the-acquisitio...
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