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D&M Holdings bought up by Bain Capital, Kenwood not involved

Bain Capital hearts D&M
Talk about needing a roster to tell the players apart! RHJ International -- which owns some 49-percent of the D&M Holdings hydra (Denon, Marantz, Boston Acoustics, Escient, MacIntosh and Snell) -- has accepted an offer from Bain Capital to the tune of ¥510 ($4.74) per share in a buyout bid. But earlier reports that pinned Kenwood as a partner to Bain in this effort have been denied by Bain. There's some goings-on here, for sure. First, we haven't seen any dealings involving the 12-percent stake that Philips has in D&M. Also, the soon-to-be JVC Kenwood Holdings states that it has not decided on whether it will invest in D&M; which corroborates pretty well with the latest Bain statement that Kenwood is not involved, and there are no ongoing talks of future involvement. Corporate squabbling and conspiracy theories aside, we just hope that the D&M brands come out unscathed.

D&M Holdings up for sale

D&M Holdings up for sale
While the roster of storied high end names is pretty long, don't think for a minute that the blue-blood part of the market has not experienced consolidation. D&M Holdings is a prime example of this: D&M's owner, RJH International, has managed to fit Denon, Marantz, McIntosh, Boston Acoustics, Snell and Escient under one umbrella over the years. And now RJH is looking to cash in on the concentrated dollop of high end, offering up 49-percent of its shares in D&M. Philips has agreed to offer its12-percent stake to a winning bidder as well. Our math tells us that's more than a controlling percentage. Harman International, apparently satisfied with its own high end roster (including Harman Kardon, Infinity, Revel and Mark Levinson), has bowed out of bidding. That leaves Bain Capital (Kenwood) and Best Buy as the most prominent bidders, both of which scare us a little. One of the things we really enjoy about the D&M brands is the individual "personalities" behind them, and that's a credit to the management overlords. There's no guarantee that this variety of flavor will survive an en masse transition to new ownership.

Marantz's RC9001 touchscreen remote with WiFi extender


We saw a variation of this Philips TSU9600 at CES. Still, it's nice to see Marantz get official with their own VGA touchscreen remote: the RC9001. Like Philips' model, we expect this Marantz model to integrate with Escient Fireball media servers and Lutron RadioRa lighting controls for full multi-room control. It brings along an option for an RX9001 WiFi extender or RX8001 serial extender too -- right, just like Philips. The only difference appears to be the choice of UI which of course, can make all the difference in the world. Expect the Marantz RC9001 to ship sometime mid-September for right around $1,000.

[Thanks, Alban A.]

Read -- Philips TSU9600 and RFX9400 wireless extender
Read -- Marantz RC9001




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