Crestline to invest in high-end audio expert ICEpower
Date: 17/10/2023
ICEpower A/S has signed a definitive agreement with Crestline Investors for an investment in a majority stake in the Company. US headquartered Crestline is an institutional alternative investment management firm with over $16 billion in assets under management.
ICEpower founded by Keld Lindegaard Andersen is into professional high-end audio. In the last 5 years, ICEpower is growing in double-digit, where it's staff strength grew from 15 to over 100 engineers.
ICEpower makes Audio semiconductor Ics operate in class D amplifier mode. ICEpower extensive and deep application expertise in designing audio Ics. ICEpower has developed more than twenty class D amplifier Ics for a wide range of applications. These include high-end hi-fi, powerful professional audio amplifiers, mobile phones, automotive, and flat-panel TVs.
Keld Lindegaard Andersen, CEO of ICEpower, commented “The management decision to continue this journey together with Crestline was easy for us. Crestline and ICEpower are truly global, and we share the same global mindset. Crestline is known to be ambitious, so are we, and Crestline operates by creating the framework for setting organizations and individuals free to perform on their Business Plan.”
Ronnie Møller-Thorsøe, Partner at Dansk Ejerkapital, commented “It has been a fantastic growth journey so far, where a global market leader in its niche has been formed. Recently entered customer partnerships underpin the significant potential to be unlocked in the future. As a continuing shareholder, we look forward to realize the next growth phase together with Crestline and Management.”
Andrey Panna, Managing Director at Crestline Europe LLP, commented “We are impressed with the Company’s engineering and design expertise, its leading market position globally, depth and breadth of its relationships with blue-chip customers in the high-end audio market, and exciting growth prospects. We look forward to supporting the Company and the management team in its continuing growth and value creation.”
