Allen & Heath

Manufacturer of audio mixing consoles for live sound applications

  • Sector: Consumer
  • Location: South West
  • Date of investment: Mar-06
  • Exit date: Apr-08
  • GCP board member: James Blake

About

  • Leading designer and manufacturer of professional audio mixing equipment with a niche market position and a strong track record in developing innovative products
  • Core products are mixing consoles for live sound venues, professional DJ mixers and sound controllers for building installations

Why we invested

  • Secondary MBO led by a proven, experienced team with a track record of technical innovation and with whom we had an existing relationship. The MD, Glenn Rogers, was impressive
  • Strong reputation and market position underpinned by core R&D capability in digital products
  • New digital console had potential to attract likely purchasers

How we made a difference

  • GCP provided all of the funding enabling a flexible and highly deliverable solution to management and allowing them to retain a majority equity stake
  • With management drove the strategy of offshoring lower value manufacturing and significantly reduced cost base
  • Supported the development and roll out of a key new digital product while maintaining strong position in analogue consoles
  • GCP drove exit agenda and sold to D&M when they made an unsolicited approach 

GCP is an extremely supportive and involved investor. We’ve really benefited from their sound strategic advice and professional and expert approach.

Glenn Rogers Managing Director Allen & Heath