PAI Partners, a pre-eminent private equity firm, agreed to acquire a majority stake in Audiotonix, a professional audio mixing console and ancillary products provider, from Ardian, a private equity investment company, for £2bn ($2.5bn). “I would like to thank Ardian for the confidence and solid support of Audiotonix, the management team and our staff. The team invested alongside us just as the Covid lockdown began, and from our first meeting were aligned with us, making sure Audiotonix emerged in a stronger position than before. As management, the most critical challenge with a process like this is selecting the right partner moving forward, who understands what the business is today and can get behind the vision of what it can become. With PAI, it is clear this is a team and partner we can take Audiotonix to the next level with, while preserving the passion and energy that have made the group the success it has become in our industry," James Gordon, Audiotonix CEO.