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RCF Group Acquires DPA Microphones

RCF Group has signed a definitive agreement to acquire DPA Microphones (DPA) from The Riverside Company. Based in Denmark, DPA is a manufacturer of microphones for the live, broadcast, theater and studio end-user segments. RCF Group, based in Italy with branches in the US and Europe, is a provider of solutions for professional audio and installations.

In 2017, two 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 growth plans. The acquisition of DPA represents a second milestone on RCF Group’s growth path, as it follows RCF’s acquisition of EAW this September, which was covered on our website.

“Since my early days I have been fascinated by the world of microphones,” Arturo Vicari, CEO of RCF Group, said. “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, CEO of DPA, added: “We have come a long way during the past few years. Share of sales coming from new products is up from less than 5 percent to more than 40 percent, 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 Deloitte for tax and legal due diligence.

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