Libratone is a leading Danish audio company that designs and develops wireless audio systems that stream music in very high quality from for example smartphones, tablets, Macs and PCs. By adjusting the listening experience to the 21st-century lifestyle and by using form factors and colours in new ways, Libratone appeals to discerning, design-oriented and quality conscious users.
“The new owners are investing in bringing Libratone to a global leadership position. They bring financial and business resources so Libratone can accelerate product innovation, geographic expansion and brand building. We now have the optimal conditions to realise our full potential. GP Bullhound was instrumental in structuring a transaction that worked for all parties. GP Bullhound’s deep sector knowledge, global network and strong advisory experience proved invaluable in finding the right partner,” commented Libratone CEO Tommy Andersen.
“We are proud to have been part of the three and a half year journey where Libratone has gone from being an entrepreneurial business to becoming an undisputed success. This is a prime example of how exceptional technology and design combined with financing can create amazing businesses. We are pleased that the new strong owners can take Libratone to new heights. For SEED Capital, the investment in Libratone has been a distinct success,” said General Partner Lars Andersen from SEED Capital.
“It has been a pleasure to advise Libratone and SEED Capital on this marquee transaction. Libratone represents the very best of Danish design thinking and technology development, and under Tommy’s leadership I am confident that this will become a household brand globally. We also have a long experience of working with SEED Capital and again it has proved its ability to find and back the winners in Denmark,” said Per Roman, Managing Partner of GP Bullhound.
This represents the completion of GP Bullhound’s 16th transaction in 2014 and further highlights the firm’s commitment to working with category leaders.
GP Bullhound is an international technology investment banking group with offices in London, San Francisco, Stockholm, Berlin and Manchester. Founded in 1999, GP Bullhound provides world-class advice on mergers, acquisitions and private placements to a diverse range of corporate clients, institutional investors and high net worth individuals. Combining a true love for entrepreneurship and innovation with deep global buyer relations and sector expertise, GP Bullhound has completed transactions for tech category leaders, most recently selling Cambridge Technology Partners to Atos, Pozitron to Monitise, Pure360 to SEP, Tunigo to Spotify, and Fjord to Accenture. For more information, please visit www.gpbullhound.com
In 2013, GP Bullhound was awarded Boutique Investment Bank of the Year and Leading Advisers of the Year by the Acquisition International M&A Awards, and Manish Madhvani, a Founding Partner of GP Bullhound was named as a winner of the fourth annual M&A Advisor 40 Under 40 Award.
Libratone develops wireless audio systems that break with the traditional ideas of what a speaker should look and sound like. By leveraging the capabilities of modern wireless technology, Libratone develops speakers that can be placed anywhere in the room and provide an optimal listening experience, no matter where you are. Based on the Scandinavian design tradition, they combine high sound quality with an organic design language that fits into modern consumers’ lives and decor. Libratone was founded in 2009 and launched its first speaker in late 2010.
SEED Capital is the largest Danish early-stage venture fund. Its focus is on technology and medtech companies in Denmark and southern Sweden. SEED Capital invests in companies with innovative solutions and scalable business models that aim to enter an attractive market in which there are multiple exit possibilities.