Astorg, a European private equity firm with total funds under management of more than €4 billion, has invested in Audiotonix, which is comprised of Allen & Heath, Calrec, DiGiCo and DiGiGrid.
Audiotonix CEO James Gordon states, “We are delighted to partner with Astorg, who have demonstrated an impressive understanding of our business and our core strengths. With their support we aim to capitalize on our manufacturing capabilities, strengthen our worldwide development program and enrich our product portfolio.”
François de Mitry and Stéphane Epin, partners at Astorg, add, “We are thrilled to invest in Audiotonix and support its fast-growth trajectory. In a dynamic live sound industry, Audiotonix differentiates itself by the undisputed quality of its product, superior support to their clients, and a brilliant management team. This brand equity was crafted by years of pioneering research and development, and a long-term vision of managers who are passionate and innovators of their business. We are extremely pleased to support James Gordon and his team to bring Audiotonix even further.”
Completion of the transaction is anticipated to close in the first quarter of 2017, subject to satisfactory clearance from relevant competition and regulatory authorities.
