A $1.1 billion deal has been proposed to acquire Hongshan rock icon Marshall

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(Bloomberg) — Hongshan Capital Group has agreed to buy a majority stake in audio equipment maker Marshall Group AB in a deal valued at $1.1 billion.

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The founding Marshall family owns more than 20% of the Stockholm-based company, according to a statement on Friday. The announcement confirmed earlier Bloomberg news reports that investment firm Hongshan, formerly known as Sequoia China, had reached a deal to martial.

Hongshan is a venture capital and private equity firm that invests in the technology, healthcare and consumer sectors. In the year

This transaction, subject to regulatory approvals, marks Hongshan’s largest investment in Europe to date. The company manages more than $55 billion in assets.

Audio, technology and design group Marshall claims on its website that it has been operating in the UK since 1962. Its products range from amplifiers to headphones and wireless speakers. Available in more than 90 markets.

Closely held Swedish group Zound Industries took over Marshall in 2023, while Marshall’s founding family remained a shareholder. The transaction includes Natal Drums, Marshall Records and Marshall Live Agency.

(Adds details on previous owners in last paragraph)