Lincoln International: Focusrite plc has acquired Pro Audio GmbH including ADAM Audio GmbH

Lincoln assisted in valuing, negotiating and managing the transaction across legal, due diligence and insurance work streams of the transaction.  It is a substantial transaction under the rules of the AIM market, the junior market of the London Stock Exchange.

Focusrite is a U.K.-listed global music and audio products group that develops and markets proprietary hardware and software products. Used by recording professionals and musicians alike, its solutions facilitate the high-quality production of recorded and live sound.

ADAM Audio is a Berlin, Germany, based developer and global distributor of professional studio monitor loudspeakers. Its product offering is well-aligned to Focusrite’s existing customer base, reflecting a strong fit with its strategic aims to grow the core customer base, expand into new markets and increase lifetime value for customers.

ADAM Audio was Focusrite’s first acquisition since listing on the AIM market 2014. It was acquired for a total consideration of €18m, based on a 31-December 2018 unaudited turnover of €12.9m and adjusted EBITDA of €1.7m. The Board expects the acquisition to be earnings enhancing in the first full year of consolidation.