New Investor

Change of ownership at Focal-Naim

| UW

The French speaker specialist Focal and the British streaming pioneer Naim, who merged to form the "Vervent Audio Group" in 2014, are facing a change of majority ownership.

So far, the financial investor "Naxicap Partners" has been the main shareholder of the Vervent Group. Now another financial investor, Alpha Private Equity, is to acquire the majority stake. The step will be taken in close cooperation with Vervent's management. This would "accelerate the development of growth potential in both the local and global markets," according to a press release. This will be further supported by "Focal Powered By Naim Concept Stores", three of which were opened in Seoul, Lyon and Scottsdale (USA) in 2019. With 430 employees, the Group is expected to generate annual sales of EUR 110 million in 2019. The company is investing more than 8% of this amount in research and development. To date, the new majority shareholder has not held any stakes in relevant companies, but holds a very mixed portfolio of European companies. The takeover is to be completed before the end of the year "in close consultation with employee representatives and the responsible antitrust authorities".


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