latest

RCF Group Has Acquired DPA Microphones

RCF Group says it has signed a definitive agreement for the acquisition of DPA Microphones A/S from The Riverside Company. This is just the latest major acquisition for RCF Group, which also acquired EAW from Transom Capital Group in September 2018.

DPA, based in Allerod, Denmark, is a premium brand in the high-end professional audio microphone market for the live, broadcast, theatre, and studio end-user segments.

RCF Group, with headquarters in Italy and branches in the U.S. and Europe, operates under the companies RCF, AEB Industriale (dB Technologies), and EAW. RCF Group says it generates over 80 per cent 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, the acquisition of DPA represents a second important milestone on RCF Group’s growth path.

Arturo-Vicari-CEO-of-RCF

Arturo Vicari, CEO of RCF Group (pictured above) says: “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-2

Kalle Hvidt Nielsen, CEO of DPA (pictured above), adds: “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.

For more information, go to www.rcf.it.

Author image
Michael Raine is the Senior Editor at Canadian Music Trade. He is also a co-host of the popular Canadian Musician Radio weekly podcast.