A Munich-based investment company has partnered with the studio monitor manufacturer, who recently entered bankruptcy proceedings.

Adam Audio appear to be on their way back from bankruptcy.

We reported earlier this month that the Berlin-based studio monitor manufacturer, highly regarded in the studio world, appeared to have fallen victim to their own success—CEO Klaus Heinz said the company had filed for bankruptcy under the German Insolvency Code after “too fast a growth with too many products created a capital demand we could not raise.” At the time of Heinz’s statement, Adam said they were in negotiations with investors who might turn things around.

The company announced yesterday that a new buyer has stepped up: CWM, an investment firm based in Munich. Sebastian Canzler, one of CWM’s managing directors, said in a statement: “ADAM Audio is known worldwide in the pro audio industry for its superb speakers. Due to the high precision and quality of the products as well as the large technical expertise of its employees, the company has become very quickly a leading supplier of professional audio monitors. All of this provides a very good basis for further growth, which we strive for together with the existing team.”

Thus far, consumers have felt the company’s financial woes through shortages in Adam products. Sven Schmöle, their managing director, says that in light of the new ownership, “our task now is to resume production as soon as possible in order to supply our customers with products again.”