D&M Holdings to be purchased by Bain Capital
Tom Martin -- Sat, 06/21/2008 - 06:46
D&M (Denon and Marantz) will sell for $470 million to Bain Capital Partners (a US private equity firm, you may have heard of them during Mitt Romney's run for the Republican Presidential nomination). Not sure whether Bain will do a standard PE cost reduction or flip them to a strategic buyer.
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Given that each company in D&M is already well-run with an up-to-date product portfolio and forward-thinking R&D, I wonder how Bain will add value.
Each company is largely independent of the others and share few resources besides adjacent booths at trade shows, so a break-up would seem logical, but are there buyers (public or private) who will want them?
Steven Stone
Contributor to The Absolute Sound, EnjoytheMusic.com, Vintage Guitar Magazine, and other fine publications