Taylor Wessing's Private Equity Group has advised Electra Partners on the acquisition of audio mixing console manufacturer Calrec from D&M Holdings. Financing for the deal was provided in full by Electra Private Equity PLC through a mixture of equity and debt.

Established in 1964, Calrec designs and manufactures audio mixing consoles for use in the television and radio broadcast sector. A market leader in the UK, US and Japan, Calrec’s products are primarily used for sports broadcasts and other live events. The company boasts an impressive client list of global broadcasters and outside broadcast companies, including the BBC, CBS, Gamecreek, NBC, NEP and Sky. Calrec will become a sister company to Allen & Heath which Electra acquired last year, in a deal also advised on by Taylor Wessing.

Nick Hazell, Head of Private Equity at Taylor Wessing, said "This deal had some unique features and is another example of the trend for Private Equity investing in technology backed business which, as a sector, is one we as a firm are well placed to advise on."

Nick Hazell led the corporate team along with associates Kate Singer and Jonny Bethell. Debt finance advice was provided by Ross Caldwell, Lerika Joubert and Gabriel Estevez; Richard Carson and James Stewart advised on tax; James Marshall, Colin McCall, Adam Rendle and Carina Badger advised on technology and intellectual property aspects; Amy Sinclair provided employment input; and Maddalena Padrin led on real estate.