Alpha Private Equity, an investor in the European mid-market segment, agreed to acquire Vervent Audio Group, a manufacturer and distributor of high-end and luxury audio equipment, from Naxicap Partners, a French private equity company. Financial terms were not disclosed. The group, which distributes its products in over 160 countries through its distribution network composed of nearly 8.2k points of sale, is focused on export markets with nearly 80% of its turnover generated internationally. The change of shareholder will enable the Vervent Audio Group to strengthen its market positions by supporting its growth plan, particularly in the United States and Asia. “After a successful partnership with Naxicap Partners, we are very pleased to be partnering with Alpha to accelerate our development. The fund’s very solid knowledge of B2C sectors and its European presence made it a natural partner for us.” Christophe Sicaud, Vervent Audio Group CEO.