Pharus Advisors advised Neural Audio Corporation in its sale to DTS Inc. The specific mandate included maximizing shareholder value in a strategic sale transaction with a buyer.
Pharus Advisors conducted a sale process among a narrow set of strategic and financial buyers, emphasizing Neural’s unique strengths in the audio technology marketplace. The transaction was structured as an asset sale in which DTS also acquired certain liabilities related to the business. Pharus began marketing Neural in September 2008 and closed the transaction on December 31, 2008.
Neural is a provider of audio technology that licenses branded intellectual property solutions for the creation, distribution and playback of music, movies, broadcast programs and video games. Neural is at the forefront of delivering audio technologies that are deployed throughout the entertainment content creation, distribution and playback process to enhance the consumer experience.