Our companies:
Allen & Heath

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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

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Key facts

Sector: Manufacturing
Location: Falmouth
Status: Realised
Website: www.allen-heath.com

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

The deal

Size at investment: £8m
Date of investment: Mar 2006
Deal type: Secondary MBO
GCP board member: James Blake

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 

Allen & Heath turnover

“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

Exit result

Size: £20m
Sold to: D&M Holdings
Date of exit: Apr 2008
IRR: 41%