Gibson has announced the sale of a majority stake in Japan-listed TEAC Corporation

Lincoln acted as the exclusive financial advisor to both Gibson and TEAC, working closely with the TEAC Board and management as well as Gibson, to advise on and execute the sales process. This transaction enables Gibson to focus corporate resources on its core business of musical instruments, including guitars, while the TEAC Board has expressed its support for the transaction which will retain TEAC’s independence and existing growth focus.

TEAC is a Japanese company with a long history of developing, manufacturing and marketing proprietary hardware and software products for recording and playback. It has multiple internationally recognized brands including TASCAM (pro-audio), Esoteric (high-end consumer audio) and TEAC (consumer audio and information systems for the healthcare, defense and airline industries). The business had sales of approximately $135m going into March 2020 operating factories across Japan and China.

Lincoln’s transaction teams in the UK and Japan combined deep sector knowledge and strong global trade buyer relationships with a local presence that could access local investors and support a complex transaction structure.

Gibson Brands TEAC Global Acoustic Partners LLC 2020
  • 2020
    Close Year
  • Consumer
    Industry
  • PE Backed
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • Japan | USA
    Countries
The global Lincoln International team provided invaluable guidance, support, sector knowledge and M&A execution throughout the process that led to this successful conclusion. It has been a pleasure to work with them.
Yuji Hanabusa
CEO at TEAC Corporation

Meet our Senior Team