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Announced

Completed

Evolution Capital-backed Global Acoustic Partners completed the acquisition of a majority stake in TEAC from Gibson and KKR for $30m.

Financials

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Transaction Value£21m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

electronics

Japan

Acquisition

Single Bidder

Friendly

Cross Border

Completed

Consumer Electronics

Tender Offer

Private Equity

Public

Synopsis

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Evolution Capital-backed Global Acoustic Partners completed the acquisition of a majority stake in TEAC, an electronics company, from Gibson, an American manufacturer of guitars, other musical instruments, and professional audio equipment, and KKR, a private equity firm, for $30m.

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