DPA Mics Teams With Riverside Company

DPA Microphones has joined joining forces with The Riverside Company, a private equity firm that focuses on acquiring strong and growing businesses.
"DPA is already a very successful and profitable company, which has been experiencing a 15% increase in sales, year on year, for the last five years," says DPA's CFO Christian Hoff. "With Riverside involved, we anticipate even stronger sales growth in the next five years."
Riverside has long experience in the audio and electronics industry, having previously invested in German loudspeaker company Teufel.
More recently Riverside acquired US company BLUE Microphones.
Riverside Partner Thomas Blomqvist said: "This is a solid foundation for further growth, and Riverside's global network and experience in the audio industry should help propel DPA to further success."
Under the terms of the new deal, DPA's CEO Christian Poulsen and CFO Christian Hoff have retained their current positions in management and on the board, along with a 40% shareholding. Riverside is now the majority shareholder and will also have representation on the DPA board.
www.dpamicrophones.com
(IT/JP)