Pro-audio manufacturer d&b Group has announced a major investment by Providence, a private equity firm.
With the support of Providence, d&b plans to further strengthen its position in the professional audio market while also further integrating its capabilities in the AV, lighting and media sectors.
As part of the transaction, the d&b management team will also acquire a stake in the company, ensuring long-term leadership and strategic continuity. The parties have agreed not to reveal details of the transaction, and the conclusion of the transaction is subject to approval by the relevant antitrust authorities.
"The global growth trend for events, concerts and major events has continued unchanged after a forced break due to the pandemic. This is accompanied by the increasing professionalisation and digitisation of these events and thus an increasing need for professional event technologies. Ardian has proven to be a reliable business partner over the past few years. Thanks to their unwavering support, especially during the pandemic, we have been able to innovate during this period of crisis and to emerge stronger from it. We look forward to continuing our successful journey with Providence and cementing our global position as a leader in professional audio and integrated AVLM solutions," said Amnon Harman, CEO d&b Group.