|RAUE LLP advises Lautsprecher Teufel GmbH management in connection with secondary buyout by private equity firm HgCapital|
Berlin, 8 July 2010
Private equity firm The Riverside Company has sold Lautsprecher Teufel GmbH through a secondary management buy-out to HgCapital, another private equity firm. The transaction is still subject to approval by competition authorities. Lautsprecher Teufel GmbH, the market leader in direct sales of speaker systems, develops its own products and sells them over its internet platform www.teufel.de. RAUE LLP advised the management of Lautsprecher Teufel GmbH regarding the transaction.