HongShan Confirms $1.1 Billion Deal to Acquire Rock Icon Marshall

(Bloomberg) – Hongshan Capital Group has agreed to buy the majority of shares of Marshall Group AB of audio equipment, worth $ 1.1 billion.

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The founding Marshalls will maintain more than 20% of the company’s shares in Stockholm, whose guitar amplifiers have been used by rock legends, including Jimmy Hendricks and Eric Klepton, the statement said on Friday. The statement confirmed the message of Bloomberg News that Hongshan Investment Company, which was previously known as Sequoia China, approached Marshall.

Hongshan is a company of venture and private capital, which invests in technology, healthcare and consumers. Since its inception in 2005, it supported more than 1,500 companies, including Alibaba Group Holding Ltd., BYD Co. and BYTANCE LTD.

This transaction, which is subject to regulatory authorities, will mean the largest contribution of HNGshan to Europe to this day. The company manages more than $ 55 billion assets.

Audio, Technological and Designer Group Marshall has its roots in 1962 in the UK, its website said. His product varies from amplifiers to headphones and wireless speakers. It has a presence in more than 90 markets.

The Swedish zound Industries group acquired Marshall in 2023, while the founder of Marshall’s family remained a shareholder. The transaction also included Natal Drums, Marshall Records and Marshall Live Agency.

(Increases details on previous owners in the last paragraph)

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