M&A Deal Summary

D+M Group Acquires Allen & Heath

On April 2, 2008, D+M Group acquired manufacturer Allen & Heath from Growth Capital Partners for 20M GBP

Acquisition Highlights
  • This is D+M Group’s 2nd transaction in the Manufacturing sector.
  • This is D+M Group’s 0th largest (disclosed) transaction.
  • This is D+M Group’s 2nd transaction in the United Kingdom.
Investment Fate
  • Allen & Heath was divested to a consortium of buyers in 2013 for 43M GBP.
  • Allen & Heath was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2008-04-02
Target Allen & Heath
Sector Manufacturing
Buyer(s) D+M Group
Sellers(s) Growth Capital Partners
Deal Type Add-on Acquisition
Deal Value 20M GBP

Target

Allen & Heath

Cornwall, United Kingdom
Allen & Heath is a designer and manufacturer of professional audio mixing equipment. It has a niche market position and a strong track record in developing innovative products. Its core products are mixing consoles for live sound venues, professional DJ mixers and sound controllers for building installations. Allen & Heath was founded in 1969 and is based in Cornwall, United Kingdom.

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Buyer(S) 1

Buyer

D+M Group

Mahwah, New Jersey, United States

Category Company
Founded 2002
Sector Electronics
DESCRIPTION

D+M Group (Denon & Marantz) is a provider of audio/video receivers worldwide and a leader in wireless multi-room audio.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 2 of 2
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-24 Calrec Audio

Calderdale, United Kingdom

Calrec Audio Ltd. has manufactured high quality audio products to the broadcast marketplace since 1964.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-21 Allen & Heath

Cornwall, United Kingdom

Allen & Heath is a designer and manufacturer of professional audio mixing equipment. It has a niche market position and a strong track record in developing innovative products. Its core products are mixing consoles for live sound venues, professional DJ mixers and sound controllers for building installations. Allen & Heath was founded in 1969 and is based in Cornwall, United Kingdom.

Sell £43M

Seller(S) 1

SELLER

Growth Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 250M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Growth Capital Partners LLP is a private equity firm that seeks investments in small to mid-sized UK based businesses. GCP provides both debt and equity capital for profitable companies with strong growth prospects and experienced management teams. The Firm typically looks to invest £5m - £50 million. Specific areas of interest include business support services, leisure, transport and distribution, consumer products and specialist engineering. Types of transactions include MBOs, growth capital financings, and secondary or tertiary buyouts. Growth Capital Partners formerly known as Close Growth Capital was spun out of Close Brothers Group plc and became independent in 2009. Growth Capital Partners LLP is based in London.


DEAL STATS #
Overall 9 of 29
Sector (Manufacturing) 4 of 4
Type (Add-on Acquisition) 3 of 13
Country (United Kingdom) 9 of 28
Year (2008) 1 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Wrap Film Systems

Telford, Shropshire, United Kingdom

Wrap Film Systems is one of the largest film and foil converters in Europe, producing a range of innovative dispensing products for use in the catering and hospitality sectors and, more recently, retail.

Buy £21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-03 Auto & Truck Glass

Mission Viejo, California, United States

Auto and Truck Glass LLC is a provider of windshield replacement and installation services to the U.S. rental car industry. ATG also serves the remarketing industry’s regional auto auctions and consignors, including automotive manufacturers, large fleet operators, dealers and finance and leasing organizations.

Sell -