Seller

Acquired by

buyer

Rickitt Mitchell has advised AV Distribution on their sale to Gear4Music Plc

- Exit deal

- September 2021

- Value: £9m

Lancashire based online retailer of home cinema and hi-fi equipment

Highly scalable European e-commerce platform

Currently operating in a £400m UK audio Video market

Client Background

AV Distribution was founded in 2003 by Carl Pickles, AV Online operates from a 26,000 sq ft warehouse, offices and showroom in Bacup. It is an online retailer of audio-visual equipment, including home cinema systems, HiFi systems, speakers, cables, headphones and accessories.

Rickitt Mitchell has advised AV Distribution on their sale to Gear4Music Plc
Rickitt Mitchell has advised AV Distribution on their sale to Gear4Music Plc

The Outcome

York Based Gear4music has acquired A V Distribution Ltd  trading as AV online for £9m.  The deal was subject to approval by the FCA under change of ownership provisions, this approval was successfully received in December 2021.  The aquisition of AV online and AV.com gives Gear4Music a real opportunity to further develop its reach in the AV market across key European territories.

“The acquisition of AV Online and subsequent acquisition of the AV.com domain gives Gear4Music a real opportunity to further develop its reach in the AV market across key European territories."

- Neil Mitchell | Partner | Rickitt Mitchell
Seller

Acquired by

buyer

Exit deal

Value: Undisclosed

Oct. 31, 2021

Seller

Joint Venture

buyer

Growth deal

Value: Undisclosed

Oct. 13, 2021

Seller

Acquired by

buyer

Exit deal

Value: £9m

Sept. 30, 2021

Seller

investment from

buyer

Exit deal

Value: Undisclosed

Feb. 28, 2021