ISIS Equity Partners has completed a £50m investment in DiGiCo Europe Limited, a Chessington, Surrey, UK-based designer and manufacturer of digital mixing consoles.
The investment is expected to help the business continue its expansion in new markets and further develop its R&D activities (DiGiCo operates an assembly and shipping facility based in Glenrothes, Scotland).
Originally formed in 1971, the business released its first digital console in 1996. In 2007, led by CEO James Gordon, DiGiCo launched the SD series of its digital mixing consoles for the live music market, theatres, and corporate market.
The company has a turnover of £22m in 2011.
The investment will also allow some the current shareholder base, comprised of the management team and Matrix Private Equity Partners, to realize their holdings.
FinSMEs
14/12/2011