Shearman & Sterling Advises on Acquisition Financing of Audiotonix
Shearman & Sterling advised MV Credit as second lien lender on European private equity group Astorg's £203 million acquisition financing for Audiotonix Limited, a console and mixing desk maker, from Electra Private Equity.
Audiotonix designs and manufactures audio mixing consoles used to manage live sound for a variety of purposes such as concerts, TV broadcasting, theatre shows and major international live events. It has worked on events such as the Superbowl, US football game.
The Shearman & Sterling team included partner Simon Letherman (London-Tax); and associates Sedina Aidam, Michèle Smith, Ankita Sethia (all London-Finance) and Sarah Moir-Porteous (London-Tax).