Top 20 UK law firm DWF has advised AAMP of America, a global supplier of a broad spectrum of car audio integration technologies as well as aftermarket audio accessories and mobile audio/video components, on its acquisition of the Armour Automotive division of consumer electronics group Armour Group plc for an aggregate purchase price of £10.9 million. AAMP of America is a portfolio company of Audax Private Equity.
The Armour Automotive business comprises operating companies in England, Sweden and Norway and is a leading consumer electronics group within the home and in-car communication and entertainment markets through brands including Autoleads, iO, Radiomobile and Veba. The acquisition of Armour Automotive helps to build AAMP of America into a global platform, expanding its product offering into the European and OEM markets.
The DWF team was led by corporate partners Daniel O'Gorman and Damien Bechelli and associate Laura Hanson. Daniel O'Gorman commented: "We were delighted to advise AAMP of America on a transaction which helps AAMP and Audax Private Equity to further expand AAMP's global presence and its position as a leading supplier of connected in-vehicle technologies."
Armour Group Plc was advised by Arnold & Porter (Jeremy Willcocks and Jon Crowley).
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has over $5 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.