Bain Capital to Acquire Japan's D&M Holdings for $441 Million

Authored by Mark Hefflinger on June 20, 2008 - 8:34am.

Boston - Private equity firm Bain Capital Partners has agreed to pay $441 million to acquire D&M Holdings, a Japanese manufacturer of consumer and commercial audio-visual electronics products under brands including Denon and Marantz.

D&M said that, after the acquisition, it "intends to continue its active pursuit of acquisitions and growth in the consumer, commercial and automotive audio/video businesses."

"If Bain Capital acquires D&M through the tender offer, we believe we will be better positioned as a privately held company to be more flexible in the fast-paced changing markets in which we compete," said Eric C. Evans, D&M's chairman and CEO.

http://www.baincapitalventures.com

http://www.dm-holdings.com