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5 July 2018Press Releases
Martin Audio, the designer and manufacturer of premium high-performance loudspeaker systems, has recently been acquired through a management buy-out headed by Dom Harter.
Established by sound engineer, Dave Martin, in the 1970s the firm has over 60 staff and an annual turnover of £20m. The high quality speaker systems they create have been used at events and performances around the world.
James Cowper Kreston acted for LDC who invested £12m for a significant stake in the company. The corporate finance team acted as buy side advisors to LDC.
Stuart Williams, Corporate Finance Partner at James Cowper Kreston, who acted for the team on this project said: “It was great to work with the LDC on their investment in Martin. Given the strength of the management team and the high quality loudspeakers it produces I look forward to seeing the business continue to grow with the support and backing that LDC will provide.”
Troy Harris-Speid, investment director at LDC, added: "Martin Audio has been on a fascinating growth journey since Dom joined. Our investment and support will provide a step change for the business, injecting capital into key growth areas and bringing on board additional expertise to help guide its strategy."