Investing.com — HongShan Capital Group, a Chinese venture capital and private equity firm, has agreed to buy a majority stake in Marshall Group.
The deal values the speaker and headphone maker at 1.1 billion euros ($1.15 billion).
Formerly known as Sequoia China, HongShan Capital Group bought back its stake from several major shareholders. These include Altor, Telia (ST:) Company, Time for Growth and Zenith VC.
Despite this change in ownership, the founding Marshall family will continue to hold a significant portion of the company, retaining a stake of over 20%.
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