Calrec Audio acquired by Electra PartnersPrint news article
Corporate lawyers have advised management of Calrec Audio Limited on its acquisition from D&M Holdings for £14 million.
Calrec, which designs and manufactures audio mixing consoles for use in the television and radio broadcast sector, was acquired by Electra Private Equity PLC through a mixture of equity and debt. Calrec will become a sister company to Allen & Heath, which Electra acquired last year.
Calrec’s products are primarily used for sports broadcasts and other live events and is a market leader in the UK, US and Japan. Its client list includes global broadcasters such as Al Jazeera, BBC, CBS and Sky.
Alex Fortescue, chief investment partner of Electra Partners said:
“When we made our initial investment in the professional audio sector by supporting the buyout of Allen & Heath, Electra provided all of the new financing to ensure flexibility with respect to further acquisitions in the sector. The acquisition of Calrec shows the benefits of this approach, and both companies are well-placed to accelerate growth as a result.”