• Transaktionen

Rautenberg & Company advises Odewald and Cobepa on Sale of d&b audiotechnik.

The team around Arndt Rautenberg and Gero Steinröder supported the former majority shareholders, private equity firm Odewald & Compagnie und Cobepa, in the sale of d&b audiotechnik to Ardian. Signing took place on February 27, 2016.

d&b, which was founded in 1981 and is based in Backnang, Germany, is one of the world’s leading providers of professional premium audio technology. The company develops and produces high-quality sound systems for mobile and permanently installed applications. The spectrum of venues ranges from large stadiums and concert halls to theaters, opera houses, convention centers and cruise liners. With its systemic approach based on the interaction of amplifiers, speakers, accessories and interlinked software solutions, combined with dependable worldwide service and an exceptional training and support offering, d&b is uniquely positioned in the marketplace.

Since the acquisition by Odewald and Cobepa in 2011, sales have more than doubled from €44 million to €94 million in the financial year 2015. The number of employees has also risen sharply from 200 in 2011 to around 350 today. Working alongside management, emphasis was placed on the internationalization of the company, the management team was strategically expanded, and the sales team was strengthened considerably. One of the main growth drivers at product level was the strategic development of the market for permanently installed audio systems, which was vigorously pursued in recent years, building on d&b’s outstanding market position in the area of mobile systems. As part of the internationalization process, new subsidiaries were founded in Europe, the USA and Japan, and the company’s production capacity was more than doubled. In particular, d&b achieved strong growth in the USA and Asia. Today, d&b operates in a total of more than 70 countries.

Arndt Rautenberg has been a member of d&b’s supervisory board since the MBO supported by Odewald and Cobepa in 2011. The Rautenberg & Company team now advised the sellers throughout the entire process and particularly supported the development of the company’s business plans as well as the preparation and creation of the Commercial Vendor Due Diligence.

 Rautenberg & Company advises Odewald and Cobepa on Sale of d&b audiotechnik.

Quick Facts

Date

  • February 2016

Odewald & Compagnie

  • Leading private equity firm for medium-sized companies („Mittelstand“) in the German-speaking countries
  • Volume of current fund Odewald & Compagnie III: EUR 610 Mio.

Cobepa

  • Founded in 1957, an independent investment company since 2004
  • Currently EUR 1.8 bn assets under management in evergreen approach

d&b audiotechnik

  • World market leader in the field of professional audio equipment
  • Specializes in high-end audio systems for mobile and installed applications
  • Revenue of EUR 94 Mio. (2015) wih 350 employees

Deal Size

  • Undisclosed

Services

  • Support of the company and its shareholders in the development of an exit business plan
  • Preparation and support of the Commercial Vendor Due Diligence

Team

  • Arndt Rautenberg, Managing Partner
  • Gero Steinröder, Director