RCF GROUP ANNOUNCES THE ACQUISITION OF DPA MICROPHONES
RCF Group today announced the signing of a definitive agreement for the acquisition of DPA Microphones A/S (“DPA”) from The Riverside Company. 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.