Crestline Investors has acquired ICEpower
ICEpower is a leading provider of high-performance audio technology and complete turnkey solutions to the professional and home automation (business-to-business) audio markets. It was founded in Denmark in 1999 as a joint venture with Bang & Olufsen and in 2016 was carved out through a management buy-out, backed by Dansk Ejerkapital, in order to pursue an ambitious growth strategy.
Lincoln International supported Crestline Investors in investing in a majority shareholding in ICEpower. Leveraging its extensive knowledge and experience in the professional audio industry, Lincoln provided valuation analysis and insights into possible future exit options. Lincoln’s advice was an important contributor to Crestline’s review and completion of the transaction.
Harry Kalmanowicz, Lincoln International Managing Director, commented, “It has been a pleasure to support Crestline on its investment in ICEpower. We look forward to watching the company, with Crestline’s backing, continue to go from strength-to-strength. This transaction is yet another important addition to our credentials in the audio industry.”
Crestline, founded in 1997, is a global institutional alternative investment management firm with approximately$16.6 billion in assets under management. Crestline is headquartered in Fort Worth, Texas, and maintains affiliate offices in New York, London, Toronto and Tokyo. The firm’s London-based affiliate, Crestline Europe, specializes in private capital investments in lower middle market and middle market companies and asset platforms in developed markets of Western Europe, focusing on resilient industry sectors and asset-backed investments.
Working to a tight time frame, Lincoln delivered deep sector expertise and insights which were invaluable in helping to secure our investment in ICEpower.
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