Browne Jacobson leads Focal deal
The Nottingham office of law firm Browne Jacobson has advised acoustic speaker manufacturer Focal on its merger with Naim Audio.
Browne Jacobson's corporate team led the deal which has produced a £48m-turnover company based in Wiltshire.
The new company will be re-named Focal & Co and will employ 325 people across its sites in Saint-Etienne, France and Salisbury, Wiltshire.
Focal, which claims to be the biggest loudspeaker manufacturer in France, was established in 1980 by audio engineer Jacques Mahul.
Naim Audio manufactures high-fidelity audio electronics including CD players, hard disk players, tuners and amplifiers.
Corporate partner Richard Cox, who led the Browne Jacobson team, said: "Both businesses are synonymous with innovation, cutting edge technology and above all exceptionally high standards of quality.
"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.
