Announced
Synopsis
MCH Private Equity, a private equity firm, agreed to acquire BelAudicao, a marketing consultant, from GN Store Nord, a manufacturer of hearing aids and headsets. Financial terms were not disclosed. “We are very pleased to have found a new strong owner for BelAudição, a high performing hearing care retailer with an impressive growth track-record. GN Hearing continues to be fully committed to BelAudição and hearing aid users across Portugal as a key supplier of leading hearing aid technology. Together with MCH Private Equity’s local presence and expertise, BelAudição now has strong backing to execute their ambitious growth plans to the benefit of all parties. Further, this divestment is also an important step in executing GN’s new capital plan to strengthen the capital structure and continue to drive growth and innovation,” Gitte Aabo, GN CEO.
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