M&A Deal Summary

Providence Equity Partners Acquires d&b

On July 10, 2023, private equity firm Providence Equity Partners acquired electronics company d&b from Ardian

Acquisition Highlights
  • This is Providence Equity Partners’ 1st transaction in the Electronics sector.
  • This is Providence Equity Partners’ 3rd transaction in Germany.

M&A Deal Summary
Date 2023-07-10
Target d&b
Sector Electronics
Buyer(s) Providence Equity Partners
Sellers(s) Ardian
Deal Type Secondary Buyout

Target

d&b

Backnang, Germany
d&b is a producer of high-quality speakers, amplifiers, and related components. d&b systems are used as reliable tools for long-term use at production and distribution companies from the event and multimedia genre, at festivals and concerts, at musicals, concert halls, theaters, and opera houses, in radio and television products from the tiniest conference rooms to the largest stadiums. d&b was founded in 1981 and is based in Backnang, Germany.

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Buyer(S) 1

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 132 of 135
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 36 of 38
Country (Germany) 3 of 3
Year (2023) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Hyve Group

London, United Kingdom

Hyve Group is a next-generation global events business whose purpose is to create unmissable events, where customers from all corners of the globe share extraordinary moments and shape industry innovation. Hyve Group was founded in 1985 and is based in London, United Kingdom.

Buy £524M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 Populous

Kansas, Missouri, United States

Populous is a global sports and entertainment venue architectural and design firm specializes in designing sports facilities, arenas, convention centers, and airports, as well as the planning and design of large-scale events. Populous was founded in 1983 and is based in Kansas, Missouri.

Buy -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 214 of 222
Sector (Electronics) 3 of 4
Type (Secondary Buyout) 82 of 89
Country (Germany) 18 of 20
Year (2023) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-14 Tom Barrow

Atlanta, Georgia, United States

Tom Barrow is a provider of HVAC solutions, that offers clients unmatched industry expertise and integrated services through benefit-driven collaboration with our design, engineering, and service professionals and the exceptional manufacturing companies we proudly represent. Tom Barrow is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Attero

Apeldoorn, Netherlands

Attero is a waste management company that offers its clients services across the full range of waste processing i.e. incineration, composting, recycling, and landfill. Attero owns two energy from waste (‘EfW’) plants, two sorting and pre-treatment facilities, six anaerobic digestion facilities, seven composting facilities and 10 landfills. Attero was founded in 1929 and is based in Apeldoorn, Netherlands.

Buy -
Mergr

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