UK-based independent console manufacturer Digico has secured secondary investment from ISIS Equity Partners, almost five years since the company expanded with the backing of Matrix Equity Partners.
2012 sees Digico celebrate ten years since the introduction of its D5 Live console. During that time, the company has expanded its product line and launched the Stealth Digital Processing FPGA audio engine, which is found in each of its SD Series consoles.
The move to partner with ISIS, combined with Matrix, represents a substantial expansion for the company, having also expanded its facilities and team throughout its ten-year history.
“This is a fantastic opportunity for Digico to build further on the achievements of the last five years,” said James Gordon, Digico CEO. “The company has expanded rapidly in a short space of time and the timing is perfect to add some new investment and experience to the team. ISIS’s historical knowledge of our niche industry is going to be very valuable as the company continues to evolve. Matrix’s desire to remain invested within the company and team is a real testament to how well that MBO relationship has worked. The future combined strength of the two houses offers a new dynamic to our future possibilities that I am sure we will take full advantage of.”
“I have worked in the pro audio industry for 33 plus years. The last five years with Matrix and the Digico team have really opened up our ability to challenge new technology, such as our move to Stealth Digital Processing,” added Digico’s technical director, John Stadius. “The future combination of ISIS and Matrix is going to accelerate our development opportunities even further.”
Denise Emmanuel, investment director at ISIS, commented, “Digico is a fantastic example of an entrepreneurial company and management team that is able to deliver growth even in a difficult environment. The combination of leading technology and exports makes Digico a prime example of just the type of business that Private Equity should be investing in.”
“Digico’s success has been driven by a highly focused and competitive management team, efficient investment in R&D, a commitment to quality in its Scottish factory and an uncompromising attention to customer satisfaction,” concluded Matrix Equity Partners’ Bob Henry. “This is exactly the type of business that Matrix likes to invest in and we are delighted to have the opportunity to remain part of this dynamic team and their growth plans.”