Marshall Group Acquired by HongShan Capital Group
HongShan Capital Group has acquired a majority stake in Marshall Group AB, a renowned audio equipment manufacturer, in a deal valued at approximately $1.1 billion.
Marshall's founding family will retain over 20% ownership in the Stockholm-based company. The acquisition confirms previous reports indicating HongShan's pending deal with Marshall.
HongShan, formerly Sequoia China, is an investment firm focused on technology, healthcare, and consumer sectors. With over $55 billion in assets under management, it has invested in over 1,500 companies, including Alibaba Group Holding Ltd., BYD Co., and ByteDance Ltd.
Marshall, established in 1962 in the UK, is an audio, technology, and design group. Its products include amplifiers, headphones, and wireless speakers, distributed in over 90 markets.
Zound Industries, a privately-held Swedish group, acquired Marshall in 2023. The founding Marshall family maintained a stake in the company, along with Natal Drums, Marshall Records, and Marshall Live Agency.
This transaction represents HongShan's largest investment in Europe to date. Subject to regulatory approval, the deal will bolster Marshall's growth and innovation in the audio equipment industry.