LDC investment in MBO of Martin Audio

We have advised private equity investor LDC on its investment in Martin Audio Limited as part of the management buyout of the company from global audio specialist Loud Audio.

LDC invested £12m of equity for a significant stake in the business, supporting the management team led by Managing Director Dom Harter.

Martin Audio is a designer and manufacturer of premium high-performance loudspeaker systems.

Our team, led by Corporate partner Andrew Peddie, included senior associate Mark Metcalfe, associate Sarah Souter and associate Jenni Ferguson (Corporate), legal director Richard Clitherow (Tax), solicitor Nikul Kad (Banking & Finance) and solicitor Keeley Baker (Employment). The due diligence team included, partner Colin Gittus and trainee solicitor Nathan Allaway (Real Estate), partner Paul de Vince and solicitor Charlotte Mason (Commerce, Technology & Media) and partner Pauline Munro (Regulatory).

Troy Harris-Speid, investment director at LDC said: “Martin Audio has been on a fascinating growth journey since Dom joined. The business has a world class brand, history of innovative products and a management team with the ambition to build on a solid foundation to accelerate its expansion.

“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.”

Corporate partner Andrew Peddie said: “This is the first completed MBO deal that we have done for LDC from our Reading office and I’m delighted that we were able to support them throughout the process. It is a good move for all involved and we look forward to working with LDC on further transactions in the future.”