Bond Dickinson advises on management buyout of mixing console firm

June 21, 2013

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 sale 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.


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