Cirrus Logic Inc.
About the Client
Opalum, based in Stockholm, Sweden, offers a complete suite of market leading sound enhancement software for a number of applications such as mobile phones, tablets, TVs, and laptops. Opalum has developed proprietary software which enables significantly richer sound in constrained applications, and software licencees include Xiaomi, LG, and Oppo.
About the Deal
GP Bullhound acted as the exclusive financial advisor to Opalum on its sale to Cirrus Logic Inc. (NasdaqGS: CRUS)
With the acquisition of Opalum, Cirrus Logic enriches their strategic position within sound enhancement technology as well as creating strong synergies with their existing business.
Pär Gunnars Risberg, CEO of Opalum said: “We are very pleased to have found a partner that will enable us to further enhance the sound quality of mobile devices. Cirrus has a strong track record and combined with its integrated circuits business we have a significant strategic advantage going forward. The successful transaction was enabled by the dedicated and knowledgeable team at GP Bullhound that has supported us throughout the process.”
Per Roman, Managing Partner of GP Bullhound commented: “This wonderful company is a great showcase of the advanced technology we are able to develop in Sweden. Pär Gunnars Risberg and his team have made innovations that now, as part of Cirrus Logic, will provide millions of consumers with a better sound experience. SEB Ventures and Industrifonden have also been exemplary owners for the company and it has been a great pleasure to advise Opalum.”