Add-on Acquisition • Electronics

Avid Acquires M-Audio

On August 20, 2004, Avid acquired electronics company M-Audio from Summit Partners

Acquisition Context
  • This is Avid’s 1st transaction in the Electronics sector.
  • This is Avid’s 7th transaction in the United States.
  • This is Avid’s 1st transaction in Rhode Island.

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M&A Deal Summary

Date August 20, 2004
Target M-Audio
Sector Electronics
Buyer(s) Avid
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target Company

M-Audio

Cumberland, Rhode Island, United States
M-Audio, Inc. (formerly Midiman) is a provider of creative tools for electronic musicians and audio professionals. M-Audio specializes in transforming advanced technology into affordable products.
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Buyer Overview 1

Buyer

Avid

Burlington, Massachusetts, United States

Category Company
Founded 1987
Sector Software
Employees1,485
Revenue 417M USD (2022)
DESCRIPTION

Avid is a provider of audio and video technology for media organizations and independent professionals. Company customers use Avid solutions to create, distribute, and monetize the most prestigious and award-winning films, videos, music recordings, TV shows, live concerts, and news broadcasts. Avid was founded in 1987 and is based in Burlington, Massachusetts.


Deal Context for Buyer #
Overall 8 of 19
Sector: Electronics 1 of 1
Type: Add-on Acquisition 7 of 17
State: Rhode Island 1 of 1
Country: United States 7 of 11
Year: 2004 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-26 NXN Software AG

Daly City, California, United States

NXN Software AG is a provider of asset and production management systems specifically targeted for the entertainment and computer graphics industries.

Buy $44M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-21 Pinnacle Systems

Mountain View, California, United States

Pinnacle Systems provides broadcasters and consumers with cutting-edge digital media creation, storage, and play-back solutions for use at Home, in the Studio and on the Air.

Buy -

Seller Profile 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


Deal Context for Seller #
Overall 103 of 298
Sector: Electronics 2 of 5
Type: Add-on Acquisition 47 of 134
State: Rhode Island 1 of 1
Country: United States 99 of 258
Year: 2004 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-11 Diagnostic Hybrids

Athens, Ohio, United States

Diagnostic Hybrids, established in 1983 in Athens, OH, with assistance from Ohio University and private investors, develops and manufactures diagnostic cell cultures and virus detection kit systems used in the clinical diagnosis of infectious and autoimmune diseases. The company recently moved into a new, state-of-the-art manufacturing and research and development facility at the Ohio University Research and Enterprise Park in Athens, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-21 Cloudmark

San Francisco, California, United States

Cloudmark is a provider of messaging security and threat intelligence for Internet Service Providers (ISPs) and mobile carriers worldwide. Cloudmark is based in San Francisco, California.

Buy -