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Ardian agrees d&b Group sale to Providence

Private investment firm Ardian has agreed to sell its majority stake in Cubes Holding, a provider of professional audio technology and audio, video, light and media solutions, to Providence Equity Partners – a PE firm focused on media, communications, education, and tech investments

Private investment firm Ardian has agreed to sell its majority stake in Cubes Holding, a provider of professional audio technology and audio, video, light and media solutions, to Providence Equity Partners – a PE firm focused on media, communications, education, and tech investments

As part of the transaction, d&b’s management team, led by CEO Amnon Harman, will re-invest alongside Providence and continue to develop the company.

Founded in 1981 and headquartered in Backnang, Germany, d&b’s manufacturing division, d&b audiotechnik, is a specialist in sound reinforcement systems in installed and mobile applications. d&b solutions meanwhile, the service-focused side of the business, provides audio, video, lighting and xR services, covering system planning, installation, maintenance and managed services.

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