D&M Is Acquired, in Full, by Bain Capital
The auctioning off of electronics brand D&M Holdings came to an end Friday when the entire company- not merely that 49 percent previously for sale- was acquired by Bain Capital Partners LLC for the equivalent of $441 million, Bloomberg News reported.
U.S.-based Bain will purchase RHJ International’s 49 percent stake, and buy the rest of the company outright through a tender offer, Bloomberg said. The company will then be delisted and taken private.
D&M, producer of Denon, Marantz, Boston Acoustics, Snell Acoustics and other brands, was put up for sale earlier this spring.