Powersoft Acquires 51% of K-Array: In-Depth Legal Support Involved
Deal News | Apr 07, 2025 | Legal Community Italy
Powersoft S.p.A., a global leader in pro-audio systems listed on Euronext Growth Milan, has acquired a 51% stake in K-Array S.r.l., a firm recognized for its innovative and high-performance audio systems. The deal, which includes mutual purchase and sale options for the remaining 49% of K-Array, fits within Powersoft's strategic development plan aimed at consolidating its position in the global professional audio market. Legal guidance was provided by international law firm Gianni & Origoni, supporting Powersoft's internal team led by Legal & Corporate Affairs Manager Carlo Bombace. The team was complemented by financial advice from Intermonte SIM S.p.A. and comprehensive due diligence services from Studio Biscozzi Nobili & Partners and EY Advisory S.p.A. On the sell-side, HP Sound Equipment S.p.A. was represented by Harpalis and Nobel Partners Advisory. The acquisition represents a significant move for Powersoft in expanding its global footprint and innovation capacity in the pro-audio sector.
Sectors
- Professional Audio Systems
- Legal Advisory
- Financial Advisory
Geography
- Italy – The home country where both Powersoft and K-Array are headquartered and where the acquisition transaction is taking place.
Industry
- Professional Audio Systems – The industry involved as Powersoft and K-Array are engaged in the development and production of advanced audio systems used in various applications worldwide.
- Legal Advisory – The industry relevant to this transaction because Gianni & Origoni provided legal support for the acquisition process.
- Financial Advisory – Significant role in the transaction as financial advisement was provided by Intermonte SIM and other consulting firms for due diligence.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Powersoft S.p.A. | Acquiring Company | Company | A company globally active in pro-audio systems and listed on Euronext Growth Milan. |
| K-Array S.r.l. | Target Company | Company | Specializes in designing and manufacturing innovative audio systems. |
| H.P. Sound Equipment S.p.A. | Selling Company | Company | The selling entity of the 51% stake in K-Array. |
| Gianni & Origoni | Legal Advisor | Company | Legal firm providing support to Powersoft during the acquisition. |
| Intermonte SIM S.p.A. | Financial Advisor | Company | Provided financial advisory support to Powersoft. |
| EY Advisory S.p.A. | Financial Due Diligence | Company | Conducted financial due diligence for Powersoft. |
| Studio Biscozzi Nobili & Partners | Tax Due Diligence | Company | Handled tax-related due diligence aspects of the deal. |
| Harpalis | Legal Advisor | Company | Provided legal advisement for HP Sound during the sale. |
| Nobel Partners Advisory | Financial Advisor | Company | Offered financial advisement to HP Sound for the transaction. |