Our Corporate team have advised LDC, the private equity arm of Lloyds Banking Group, on its sale of high-performance loudspeaker business, Martin Audio Limited to Focusrite plc.
LDC invested in Martin Audio Limited back in 2018, and the partnership has seen a period of extensive growth for the business. Martin Audio Limited, founded in 1971, designs, manufactures and distributes premium professional sound systems for festivals globally from its main base in High Wycombe.
We advised LDC on sale of the entire share capital of Optimal Audio Group Limited, the holding company of Martin Audio Limited, by LDC and the management shareholders to Focusrite plc, the AIM listed audio products group. The deal was funded by HSBC and Natwest.
Andrew Peddie, the Reading based lead partner on the deal for Gateley said “We are very pleased to have supported LDC on this transaction, one that has proved to be very successful for both LDC and Martin Audio Limited”