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Lautsprecher Teufel GmbH

Sale of Lautsprecher Teufel GmbH

July 2010

 

Background

  • Teufel is a Berlin-based industry leader in the design, development and direct sale of audio and speaker systems. The company is the only player in the audio market with a pure eCommerce business model (www.teufelaudio.com) and a strong brand thus controlling the full value-chain
     
  • The offering includes a wide range of products in the medium- to high-end segment including home cinema loudspeaker systems, multi-media loudspeaker systems, stereo loudspeaker sets, iPod products, as well as accessories
     
  • Teufel has successfully started selling its products outside of its core market Germany into other European countries

Transaction

  • The sale of Teufel, previously held by Riverside and management, to HgCapital was completed in July 2010
     
  • Altium acted as exclusive financial adviser to the sellers on all aspects of the transaction, which included preparing the company documentation, approaching and selecting potential buyers, organizing the auction process, as well as leading the due diligence process and transaction negotiations
     
  • Teufel is in an extended growth phase and the aim was to find a new owner with the vision to further internationalize the business
     
  • This deal emphasized Altium’s expertise in the eCommerce/internet sector. 

For further information on this transaction please contact Alexander Grünwald, Thomas Egli or Thomas Eulau

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