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New Deal


Announced

Focusrite to acquire Sequential for $24m.

Financials

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Transaction Value£18m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales1.4x
EV/EBITDA7.09x
Share Price Premium-
One Off Charge-

Tags

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Private

synthesizers

Pending

Electronic Components and Equipment

Acquisition

Majority

Friendly

Single Bidder

United States

Cross Border

Synopsis

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Focusrite, the global music and audio products company, agreed to acquire Sequential, a California based, world-renowned, high-end synthesizer company, for $24m. "It is an absolute pleasure to welcome Dave and the entire Sequential team to the Focusrite Group. Sequential adds to our rich heritage of innovation and passionate people who are dedicated to making world class solutions for musicians. For us, Sequential is a perfect fit, and a logical choice to add to our Group. While Sequential will continue to operate as a separate business unit with a very robust roadmap, we are all excited about the opportunities and possibilities that lie ahead with the collective expertise of the Sequential and Novation R&D teams," Tim Carroll, Focusrite CEO.

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