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Kuhn Advises Gibson Guitar on TC Merger
For Immediate Release
Kuhn Capital announced today that it initiated a planned merger between its client, Gibson Guitar, and Danish audio electronics manufacturer TC Group.
“We’re proud to have advised Gibson on what promises to be a highly synergistic combination," said Ryan Kuhn, a Kuhn Capital principal. "The deal brings together Gibson’s broad family of musical instruments with TC Group’s premium speakers, amps, digital processors and other pro audio gear. By teaming up, Gibson and TC will lead the growing trend in converged acoustic and digital products.”
Among Gibson’s brands are Epiphone and Gibson guitars (including the iconic Les Paul brand), Wurlitzer jukeboxes and keyboards, and Baldwin and Dongbei pianos. TC Group manufactures Tannoy speakers, Helikon voice optimization devices, Lab.Gruppen amps, and TC Electronic digital signal processors. The merger yields a company with 5,000 employees and operations spanning the globe.
Regarding the transaction, scheduled for closing in February, Gibson chairman Henry Juszkiewicz said “I think that we're going to shake up the industry."
Terms were not disclosed.
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