PE firm PAI Partners has acquired a majority stake in UK-based Audiotonix, who supplies audio mixing products such as decks and soundsystems, while Ardian retains a minority stake and management of the company.
Audiotonix was acquired by Ardian in March 2020 and possesses the most extensive product portfolio in the market with a global presence that covers 90 countries. It has a portfolio of companies in the sound engineering or adjacent markets, including Allen & Heath, DiGiCo, Calrec, Solid State Logic, Sound Devices, Slate Digital, and sonible.
The conglomerate distributes its products through an international network of more than 400 value-added distributors and partners in more than 90 countries worldwide, with a sizable footprint in North America.
PAI’s investment will support Audiotonix to leverage sustained and accelerating secular trends towards the experience economy. It will also continue to support further strengthening of the group’s R&D capabilities, foster brand synergies, drive organic growth and pursue strategic M&A opportunities across the audio ecosystem.
Olivier Personnaz, Head of Buyout UK & Managing Director at Ardian, said:
There has been a revolution in the way people enjoy and appreciate all forms of entertainment. When we first invested, we believed the team at Audiotonix were best placed to become a global leader in audio technology. We backed management to invest and build out an R&D team larger than any competitor and one that has consistently delivered technically and commercially outstanding products. We have also supported the business in expanding into software via M&A.
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