M&A Deal Summary

Sonova Holding Acquires AudioNova International B.V.

On May 4, 2016, Sonova Holding acquired retailer AudioNova International B.V. from HAL Investments B.V. for 830M EUR

Acquisition Highlights
  • This is Sonova Holding’s 1st transaction in the Retail sector.
  • This is Sonova Holding’s largest (disclosed) transaction.
  • This is Sonova Holding’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2016-05-04
Target AudioNova International B.V.
Sector Retail
Buyer(s) Sonova Holding
Sellers(s) HAL Investments B.V.
Deal Type Add-on Acquisition
Deal Value 830M EUR

Target

AudioNova International B.V.

Rotterdam, Netherlands
website
AudioNova International B.V. is a hearing aid retailers and service providers.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sonova Holding

Staefa, Switzerland

website

Category Company
Founded 1947
Sector Healthcare Services
Employees17,073
Revenue 3.4B CHF (2022)
DESCRIPTION

Sonova Holding is the world's leading provider of hearing systems, announced today that it has successfully completed its acquisition of InSound Medical Inc., Newark, USA. InSound Medical developed the first extended wear hearing system which is placed deep in the ear canal and totally invisible from the outside, and markets it under the Lyric brand. The total transaction price is made up of two components: an up-front cash consideration of USD 75 million and earn-out payments which depend on the company's financial success going forward. The regulatory approvals needed for the transaction have been obtained. Sonova Holding was founded in 1947 and is based in Staefa, Switzerland.

DEAL STATS #
Overall 5 of 7
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (Netherlands) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Hansaton Akustik

Hamburg, Germany

Hansaton Akustik GmbH is a manufacturer of hearing systems for people with hearing problems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Sennheiser Consumer Division

Wedemark, Germany

Sennheiser Consumer Division provides headphones and hearables for private customers.

Buy €200M

Seller(S) 1

SELLER

HAL Investments B.V.

website

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

HAL Investments B.V. is the European investment subsidiary of HAL Holding N.V., an international investment company based in Curaçao. HAL's strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. HAL does not have any industry preferences. HAL Investments B.V. is headquartered in Rotterdam, the Netherlands.

DEAL STATS #
Overall 2 of 4
Sector (Retail) 1 of 2
Type (Add-on Acquisition) 2 of 2
Country (Netherlands) 2 of 4
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 N.V. Nationale Borg-Maatschappij

Amsterdam, Netherlands

N.V. Nationale Borg-Maatschappij is a provider of insurance services.

Sell €154M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 MDHearing

Chicago, Illinois, United States

MDHearing provides hearing aids via its website and call center for over a decade to more than 500,000 Americans. MDHearing is an FDA-registered medical device that is programmed to the highest standards by our in-house audiologist. The hearing aids are assembled and tested at the distribution center in Southfield, MI, and then shipped out all over the U.S. MDHearing is based in Chicago, Illinois.

Buy -
Mergr

Product

Company

Legal