Foresight Group ("Foresight”) has successfully completed the sale of Andover-based Trilogy Communications ("Trilogy”) to Clear-Com LLC ("Clear- Com”).
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Trilogy, which designs and sells market leading, real time video and audio solutions for the broadcast and defence markets, including intercom solutions and master reference generators, will continue to operate as a subsidiary of Clear-Com, which will incorporate Trilogy’s intercom product lines, Gemini, Messenger, Mentor and Mercury into its portfolio.
The acquisition will allow California-based Clear-Com to strengthen its presence in the broadcast market and accelerate its development in the defence and industrial sectors. Clear-Com is a global provider of real-time communication services, having been the first company to market portable wired and wireless intercom systems for live performances.
Trilogy and its shareholders, which included Foresight VCT and Foresight 4 VCT funds, were advised by Shakespeare Martineau.
Matt Smith, Foresight Director, commented:
"We are delighted to have supported Trilogy and its management team. From its headquarters in Andover, the Company has built a global customer base spanning defence, industrial and broadcast markets. Foresight worked closely with the Company to find the right strategic fit and we are confident Clear-Com will support Trilogy and its customers in the next phase of its development.”
Martin Peck, Executive Chairman, Trilogy added:
"Trilogy has long demonstrated product excellence in the specialised communication domain and is well-known for its respected customer service. Foresight has been instrumental to the development of the business, and it has been a pleasure working alongside Foresight to achieve this exit.”
Mitzi Dominguez, CEO, Clear-Com, said:
"Both companies have been serving the professional intercom business for decades, and bring a wealth of industry knowledge to the marketplace. The efforts of our combined teams will deliver tremendous added value to customers all over the world, and will create new business opportunities for both companies.”
NOTES TO EDITORS
For further information, please contact Ben Thompson, Foresight Group firstname.lastname@example.org / 020 3667 8155
Trilogy Communications Holdings Limited and their investors were advised by Shakespeare Martineau LLP.
About Foresight Group LLP ("Foresight”):
Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has over £1.8 billion of Assets Under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
Foresight’s Private Equity team, comprising sixteen investment professionals, invests between £1m and £5m in management buy-outs, management buy-ins, and growth capital investments in UK SMEs. The team manages two regional funds; the Foresight Nottingham Fund and Foresight Regional Investment Fund; and three VCTS.