Audiotonix secures landmark' investment

The company has secured investment from private equity firm PAI Partners, which also holds a stake in outside broadcasting company EMG

By Jenny Priestley

Published: April 23, 2024

The company has secured investment from private equity firm PAI Partners, which also holds a stake in outside broadcasting company EMG

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Audiotonix, parent company of Calrec, DiGiCo, Solid State Logic and more, has secured new investment from private equity firm PAI Partners.

The new investment follows a successful partnership with global investment house Ardian, which will maintain a minority stake in Audiotonix via re-investment as part of the transaction, said the company.

PAI Partners has c. 27 billion of assets under management and, since 1994, has completed over 100 investments in 12 countries and realised more than 24 billion in proceeds from 60 exits, according to Audiotonix.

Details of how much PAI has invested have not been revealed.

Riverside Television equipped its outside broadcast truck with Calrec's compact Brio 36 audio console Speaking about the new investment, James Gordon, Audiotonix CEO said: We have spent the last 12 months selecting the right team to partner alongside us in our next chapter, and I am happy to say the PAI team were a perfect cultural fit from our very first meeting.

They come to us with a global reach and passion for music and technology that is a natural fit for our pro audio brands today and tomorrow.

Colm O'Sullivan and Neil McIlroy, both partners at PAI, added: We are delighted to partner with James Gordon and the exceptional Audiotonix management team, alongside Ardian, in this next chapter of growth. Audiotonix is well placed to benefit from positive structural tailwinds in the experience economy and diverse professional audio environments - whether in live entertainment, installed professional audio, music or sports. We look forward to working with the team as the group continues to deliver market-leading, professional products, defining audio experiences worldwide.

LINK:	https://www.tvbeurope.com/audio/audiotonix-secures-landmark-investment...
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