Allen & Heath acquired by Electra Partners
Published: MEA
WORLD: Electra Partners has acquired mixing console manufacturer, Allen & Heath, from D&M Holdings. £43 million of equity and debt has been provided by Electra Private Equity PLC and Allen & Heath’s management. Allen & Heath’s existing team and distribution networks will remain in place.
‘The ability to invest across the capital structure, in this case funding both the equity and debt instruments, is a great example of Electra’s flexible investment mandate being put to work to ensure a swift completion for the vendor and a straightforward structure for the business to capitalise on both organic and acquisitive growth opportunities,’ said Alex Fortescue, chief investment partner at Electra Partners.
Charles Elkington, investment partner at Electra Partners added: ‘Allen & Heath is a leader in a niche market with an excellent track record of year-on-year growth. We believe that the company has a bright future and we will be looking to work with Glenn Rogers and his team to grow the business through further investment in new product development, improved marketing and distribution, and through acquisition."
‘We are very excited about working with Electra Partners and the opportunities it presents for the next phase of Allen & Heath’s growth,’ said Glenn Rogers, managing director at Allen & Heath. ‘We have an excellent catalogue of existing products and a number of exciting prospects in development. We see opportunity for expansion into new areas and look forward to building Allen & Heath’s long-term future alongside Electra Partners.’
This is the fourth investment Electra Partners has announced this year, following the previously announced co-investment in CALA Group and the acquisitions of AXIO Data Group and the EP I Secondary Portfolio. The Electra Partners deal team for this transaction included Charles Elkington, Ian Wood and Shakira Adigun-Boaye.
Electra Partners was advised by Taylor Wessing LLP. Allen & Heath and D&M Holdings were advised by Houlihan Lokey and Ropes & Gray International LLP.