French private equity group Ardian has completed its acquisition of a majority stake in Audiotonix, a manufacturer of audio mixing consoles, from Astorg.
French private equity group Ardian has completed its acquisition of a majority stake in Audiotonix, a manufacturer of audio mixing consoles, from Astorg.
The deal puts an enterprise value on the live sound equipment business of close to EUR1 billion. European private equity group Astorg will retain a minority interest, having acquired the business from Epiris in 2017.
With offices in Paris, London, Frankfurt, Milan and Luxembourg, Astorg currently has EUR8.2 billion of assets under management, split between three funds, with Astorg VII in the investment phase.
Macfarlanes advised the management team of Audiotonix on the deal. The Macfarlanes team was led by corporate and M&A partner Stephen Drewitt, alongside corporate and M&A partner Howard Corney, senior solicitor Julian Grant and solicitor Gruffudd Jones.
“We were very pleased to assist the management team of Audiotonix once again with this latest investment and look forward to seeing the business continue to go from strength to strength,” said Drewitt.
