😢 Marshall will soon be Asian...

📊 On January 24, 2025, funds managed by HongShan Capital Group (HSG), a China-originated global investment firm - formerly Sequoia China - entered a definitive agreement to acquire a majority stake in Marshall Group. The deal values the company at EUR 1.1 billion (approximately USD 1.1 billion).

🔄 Prior to this acquisition, Marshall was owned by Swedish company Zound Industries, which acquired it in March 2023. The Marshall family retained a 24% stake and remained the largest shareholder.

📝 Key points of the 2025 acquisition:

1. HSG will become the majority shareholder.

2. The Marshall family will retain a significant stake of over 20% in the company.

3. This transaction represents HSG's largest investment in Europe to date.

4. The deal is still subject to regulatory approval.

💼 Jeremy de Maillard, CEO of Marshall Group, stated that this agreement provides "perfect conditions to continue building Marshall's iconic status and unlocking our full potential across the world."

Sources:

[1] Marshall to turn up the volume with HSG as new majority shareholder prnewswire.com/news-rel…

[2] Marshall to turn up the volume with HSG as new majority shareholder group.marshall.com/2025…

[3] Marshall has been sold to Swedish speaker company Zound ... musicradar.com/news/mar…