Good morning, Hubsters. MK Flynn here with the Wire. In keeping with PE Hub’smission to bring you leads on future dealmaking, we’ve some forward-looking items in the newsletter today. We’ve got a Deep Dive into Ardian-backed Audiotonix by Nina Lindholm. The PE firm has ‘at least three’ larger acquisitions in mind for the audio engineering business. Earlier in October, Audiotonix announced the acquisition of Fourier Audio, which provides systems for theater productions on Broadway and live concerts around the world. And we’ve got a survey from Harris Williams about consumer spending on health and beauty that may offer up some leads to those investing in the sector. We’re also featuring several deals announced this morning, including one involving portfolio companies of Redbird Capital. M&A pipeline Ardian portfolio company Audiotonix, an audio mixing and engineering business, is turning down proprietary deals weekly as more music acts go on tour than ever before, Olivier Personnaz, managing director and head of buyout UK, told Nina Lindholm. To find out what Ardian and Audiotonix are looking for, upgrade to the premium version of the Wire. Investment infrastructure Obra Capital, a specialized alternative asset management firm, announced earlier this morning that Aquarian Holdings will join as a strategic partner and has acquired a minority equity ownership stake. AEC services Godspeed Capital announced a strategic investment in Stengel Hill Architecture, an architecture and interior design firm specializing in complex healthcare facilities. Critical suppliers Arcline Investment Management has agreed to acquire Piqua, Ohio-based Hartzell Aviation, a proprietary aircraft equipment maker, from Tailwind Technologies. For more on all these deals and more, upgrade to the premium version of the Wire. Health & Beauty M&A investment bank Harris Williams recently published its annual Health & Beauty report for 2023, based on a survey of beauty enthusiasts. The findings reveal trends in consumer spending in the sector and provide insights for M&A investors in the sector. “Overall, sustained demand in health and beauty, coupled with evolving consumer preferences and lifestyles, will support increased M&A activity across the sector,” said managing director Kelly McPhilliamy. “Socially conscious and digitally native brands are attractive targets for companies looking to increase presence with younger consumers.” To discover key takeaways from the report, upgrade to the premium subscription.
That’s a wrap for today. Craig McGlashan will be back with more tomorrow.
Happy dealmaking, MK Read the full wire commentary on PE Hub ... | 