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New Deal


Announced

AAC Technologies to acquire a majority stake in Premium Sound Solutions from Value Enhancement Partners and Ardent Equity Management.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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sensory experience solutions

Consumer Electronics

China

Acquisition

Cross Border

Majority

Private

Pending

Friendly

Single Bidder

Private Equity

Synopsis

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AAC Technologies, a provider of sensory experience solutions, agreed to acquire a majority stake in Premium Sound Solutions, a global manufacturer of premium sound systems and acoustic solutions, from Value Enhancement Partners and Ardent Equity Management, private equity firms. Financial terms were not disclosed. “We are delighted to have the opportunity to partner with PSS to support our strategy to grow and continue to diversify our business toward the automotive market. PSS’ leadership position as a premium automotive audio system provider, combined with AAC technology platform and portfolio of innovations, will serve as a strong foundation to continue to offer differentiating solutions to customers globally," Kelvin Pan, AAC Technologies Executive Vice President.

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