THE corporate team from the Birmingham office of Browne Jacobson advised acoustic speaker manufacturer Focal on its merger with Naim Audio.
Focal was established in 1980 by audio engineer Jacques Mahul and currently employs over 200 people, producing high-end audio speakers for the home, automotive and recording studio markets in 80 countries.
Naim Audio manufactures high-fidelity audio electronics, including CD players, hard disk players and tuners, and was founded by Julian Vereker MBE in 1969.
With a joint turnover expected to exceed £48m, Focal & Co will employ 325 people at its facilities in Salisbury and the French town of Saint-Etienne.
Browne Jacobson corporate partner Richard Cox, who led the team said: “This merger will create a new European powerhouse in high end audio products and is an excellent strategic opportunity in what is a highly competitive niche market.”
Focal were also advised by Constantin, DDA & Company and Cabinet Duteil Avocats.
Law firm Farrer & Co and Smith & Williamson Corporate Finance advised Naim Audio.
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