Investing.com — HongShan Capital Group, a Chinese venture capital and private equity firm, has agreed to purchase a majority stake in the Marshall Group.
The deal values the maker of speakers and headphones at 1.1 billion euros ($1.15 billion).
Previously known as Sequoia China, HongShan Capital Group procured its stake from several major shareholders. These include Altor, Telia (ST:) Company, Time for Growth, and Zenith VC.
Despite this change in ownership, the founding family of Marshall will still hold onto a significant portion of the company, maintaining a stake of over 20%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
#HongShan #Capital #Group #acquires #majority #stake #Marshall #Group #Investing.com