Alpha Group has entered into negotiations with Naxicap Partners to acquire a majority stake in Vervent Audio Group, Private Equity Wire reported.
Financial details were not disclosed.
Vervent Audio Group is a manufacturer and distributor of high-end luxury audio equipment. It is the holding company of Naim Audio Ltd. and Focal JMLab, which work in the acoustics and electronics markets.
Paris-based Naxicap Partners invests in small and mid-cap companies across any sector.
Alpha Group typically invests between €50 million and €150 million in mid-sized companies in continental Europe.