UK-based mixing console manufacturer Allen & Heath has been acquired by Elerctra Partners from former owner, D&M Holdings.
The move sees £43 million of equity and debt 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,’ says Alex Fortescue, Chief Investment Partner at Electra Partners.
‘Allen & Heath is a leader in a niche market with an excellent track record of year-on-year growth,’ adds Charles Elkington, also an Investment Partner at Electra Partners. ‘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,’ says A&H MD, Glenn Rogers. ‘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.’
The Electra Partners deal team for this transaction included Charles Elkington, Ian Wood and Shakira Adigun-Boaye. 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. Electra Partners refers to Electra Partners LLP acting on behalf of its client Electra Private Equity PLC.
More: www.allen-heath.com
More: www.electrapartners.com
