The Bristol office of national law firm Bond Dickinson has advised the management team at mixing console manufacturer Allen & Heath on their acquisition of the business.
The £43m debt and equity deal was backed by independent private equity fund manager Electra Partners.
Bond Dickinson has a long-standing relationship with Cornwall-based Allen & Heath and has acted for the management on several deals. Partner Simon Hewes advised on the firm’s initial management buyout, backed by 3i, in 2001, a secondary buyout backed by Close Private Equity in 2006 and the firm’s subsequent s
ale to D&M two years later.
The Bond Dickinson team was led by partner Tom Fitzpatrick, a private equity specialist in the firm's corporate team.
Allen & Heath was founded in 1969 and designs and manufactures audio mixing consoles for live sound in venues such as concert hall, theatres, nightclubs and places of worship. Its first hand-built consoles were used by bands such as Pink Floyd and The Who. Its products are designed at its Penryn base with manufacturing split between the UK and a production facility in China.
Also involved in the deal were investment bank Houlihan Lokey and London law firm Ropes & Gray International.
