HongShan Funds to Buy a Majority Stake in Marshall Group

Funds managed by HSG enter into a definitive agreement to buy a majority stake in Marshall Group in a deal valuing the company at €1.1b, Marshall says in a statement.

• Transaction is subject to regulatory approvals
• The Marshall family will retain a stake of more than 20% in the company under the terms of the deal
• The major selling shareholders are Altor, Telia Company, Time for Growth and Zenith VC
  • Telia has agreed to sell its 9.6% stake for €101m, co. says in a separate statement
• NOTE: HongShan to Buy Guitar Amp Maker Marshall in $1.1 Billion Deal

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