DPA Microphones has joint forces with global private equity firm The Riverside Company.
"DPA is already a very successful and profitable company, which has been experiencing a 15 percent increase in sales, year on year, for the last five years," said DPA's CFO Christian Hoff. "With Riverside involved, we anticipate even stronger sales growth in the next five years."
“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,” Riverside partner Thomas Blomqvist said.
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 percent shareholding. Riverside is now the majority shareholder and will also have representation on the DPA board.
"For our day to day operation, it is business as usual," Christian Poulsen said. "What has changed is our ability to capitalise on our current success and make this even more significant in the future. Riverside has an extensive network worldwide, many of whom are specialists in the audio industry and have deep technical knowledge and experience that we can exploit. This investment will allow us to develop new technologies and new products at a much faster pace. It will also allow us to move into new markets and attract more good people to our brand, while still properly supporting our existing customer and partner base."