Lincoln acted as the exclusive financial advisor to 3d investors, a Belgian family owned investment company, during the sale process, working closely with management and shareholders. Lincoln provided advisory and industry expertise, managing the preparatory, marketing, due diligence and negotiation phases of the transaction. It levered its local execution resource and international sector expertise to deliver an optimal outcome. Terms of the transaction were not disclosed.
Audioprof, parent company of Community Loudspeakers based in Pennsylvania, United States and Apart Audio based in Belgium, is a leading developer and manufacturer of loudspeaker systems, related electronics and accessories for the global professional fixed installed sound market.
Community Audio, based in Pennsylvania, United States, is a well-established and respected manufacturer of a broad range of premium speakers targeting demanding indoor and outdoor applications, including commercial, leisure, stadiums and other large venues. Apart Audio, based in Belgium, is a strong competitor in functional and commercial & leisure audio solutions and offers a broad array of speakers and electronics for small and mid-sized venues, including retail, food service, education and small offices.
Hans Swinnen, Partner at 3d investors, reflected, “We greatly enjoyed working with the Lincoln team, who ran a well organised and competitive sales process for us.”
Harry Kalmanowicz, Director and leader of the Professional and Consumer Audio Practice at Lincoln International commented: “Having followed the growth and global success of the Audioprof group under 3d investor’s stewardship for many years, we are proud to have advised the shareholders on this important transaction. Biamp Systems represents the perfect platform to support Audioprof’s future growth, as Biamp positions itself as a full line provider of professional audio-visual solutions. We enjoyed working closely with all involved, including our Lincoln colleagues from across the globe, to deliver a fantastic outcome for all involved.”