Electra Buys Allen & Heath
Electra PartnersLooks like Electra could use Media-Star.com for some rebranding has purchased Allen & Heath, from D&M Holdings for £43 million of equity and debt, which has been provided by Electra Private Equity PLC and Allen & Heath’s management. Founded in 1969, Allen & Heath designs and manufactures audio mixing consoles for live sound, such as concerts, theatres and houses of worship. Allen & Heath’s existing team and distribution networks will remain in place. The Electra Partners deal team for this transaction included Charles Elkington, Ian Wood and Shakira Adigun-Boaye.
“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,” stated Alex Fortescue, Chief Investment Partner at Electra Partners
“We are very excited about working with Electra Partners and the opportunities it presents for the next phase of Allen & Heath’s growth. We have an excellent catalogue of existing products and a number of exciting prospects in development,” stated Glenn Rogers, Managing Director at Allen & Heath. “We see opportunity for expansion into new areas and look forward to building Allen & Heath’s long-term future alongside Electra Partners.”