Ardian has sold its majority stake in d&b Group to Providence.
Ardian is a world-leading private investment house, managing or advising $150bn of assets on behalf of more than 1,400 clients globally.
d&b is a worldwide leading provider of high-end audio systems and AVLM services (Audio, Video, Light and Media) for the event sector.
With Ardian’s support, d&b has consistently delivered strong growth, achieving a double-digit compound annual growth rate (CAGR) since 2016, despite the temporary market disruption in the events sector caused by the COVID 19 pandemic. Since Ardian’s acquisition, the number of employees has tripled from around 350 to more than 1,000. The company’s growth has been driven by innovations, the expansion of the product and solutions portfolio, and the development of existing and new markets, particularly in the Americas as well as the APAC region. The strategic development of the company was delivered by both organic growth and targeted acquisitions.
taxess advised on the tax and structural aspects of the sale.