M&A Deal Summary

Electra Acquires Allen & Heath

On June 21, 2013, private equity firm Electra acquired manufacturer Allen & Heath from D+M Group for 43M GBP

Acquisition Highlights
  • This is Electra’s 2nd transaction in the Manufacturing sector.
  • This is Electra’s 19th largest (disclosed) transaction.
  • This is Electra’s 25th transaction in the United Kingdom.
Investment Fate
  • Allen & Heath was sold to a strategic buyer in 2014.

M&A Deal Summary
Date 2013-06-21
Target Allen & Heath
Sector Manufacturing
Buyer(s) Electra
Sellers(s) D+M Group
Deal Type Divestiture
Deal Value 43M GBP
Advisor(s) Houlihan Lokey (Financial)
Ropes & Gray (Legal)

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

Electra

London, United Kingdom

Investor

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.

DEAL STATS #
Overall 33 of 36
Sector (Manufacturing) 2 of 2
Type (Divestiture) 2 of 3
Country (United Kingdom) 25 of 27
Year (2013) 4 of 4
Size (of disclosed) 19 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Audiotonix

Chessington, United Kingdom

Audiotonix designs, engineerings, and manufactures professional audio mixing consoles, production software, and ancillary products. With pioneering solutions from premium audio brands Allen & Heath, Calrec, DiGiCo, DiGiGrid, Fourier Audio, Harrison, KLANG: technologies, Slate Digital, Solid State Logic, sonible, and Sound Devices, its products are used extensively in live sound, broadcast, theatre production, installations, houses of worship, TV and film production, music creation and recording studios. Audiotonix is based in Chessington, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-20 Hotter Shoes

Skelmersdale, United Kingdom

Hotter Shoes is a provider of comfortable footwear for the grey market. Hotter’s design and assembly are focused in the UK, distinguishing itself as one of the few British made footwear ranges. Hotter Shoes was founded in 1959 and is based in Skelmersdale, United Kingdom.

Buy £200M

Seller(S) 1

SELLER

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 1 of 2
Sector (Manufacturing) 1 of 2
Type (Divestiture) 1 of 2
Country (United Kingdom) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-02 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.

Buy £20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-21 Calrec Audio

Calderdale, United Kingdom

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

Sell $23M
Mergr

Product

Company

Legal