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chebby's picture
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Naim / Focal takeover
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RE: Naim / Focal takeover

Hi chebby

Good news Smile

All the best

Rick @ Musicraft

Musicraft (Derby) - Specialist Hi-Fi, AV & Multimedia dealer

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RE: Naim / Focal takeover

How do the rest of us buy shares in Naim? Is it still a private company?

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RE: Naim / Focal takeover

NaxiCap? Does that cost extra?

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RE: Naim / Focal takeover

John Duncan wrote:
NaxiCap? Does that cost extra?

 

It does sound like an all-in-one product doesn't it!!!! A Nap power amp, HDX and Hi-Cap power supply combined.

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RE: Naim / Focal takeover

John Duncan wrote:
NaxiCap? Does that cost extra?

A whole lot extra!  ROFL

 

 

Motto: Never pay full price for anything, there is always room to haggle!

Tom Evans Audio Design amplification / Acoustic Zen speakers.

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RE: Naim / Focal takeover

Interesting portfolio for Naxicap. And the other one. Like a french version of Dragon's Den but a whole lot bigger. Majority share, Chairman steps down and a new CEO. Wonder what comes next?. Muso I hope.

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RE: Naim / Focal takeover

Editor-in-Chief of What Hi-Fi? and whathifi.com

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RE: Naim / Focal takeover

Fairly standard approach really. The founder sells up, retaining a nominal role but basically cashing in his life's work (and good for him). Private equity comes in with a view to exiting in 3-4 years having built the group up further and making a return of anything from 5 x their investment upwards (good ones get 100 x, but the deals tend to be bigger).

How to make the group worth more? I'd guess more acquisitions, something fairly common in the high end world at the moment. Plus an even stronger focus on what sells, not what pleases the audiophile community. Which could mean more ultra high end gear, more 'populist' stuff like the Muso (populist is all relative!), or similar. Think what Meridian did a few years back when they were acquired by private equity - a move upmarket into the lifestyle arena, away from their traditional roots but still retainign excellent products. Oh and they acquired Soolos (which might have been just before the sale but to my mind was an inextricable part of it).

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RE: Naim / Focal takeover

philipjohnwright wrote:

Fairly standard approach really. The founder sells up, retaining a nominal role but basically cashing in his life's work (and good for him). Private equity comes in with a view to exiting in 3-4 years having built the group up further and making a return of anything from 5 x their investment upwards (good ones get 100 x, but the deals tend to be bigger).

How to make the group worth more? I'd guess more acquisitions, something fairly common in the high end world at the moment. Plus an even stronger focus on what sells, not what pleases the audiophile community. Which could mean more ultra high end gear, more 'populist' stuff like the Muso (populist is all relative!), or similar. Think what Meridian did a few years back when they were acquired by private equity - a move upmarket into the lifestyle arena, away from their traditional roots but still retainign excellent products. Oh and they acquired Soolos (which might have been just before the sale but to my mind was an inextricable part of it).

Hope it works that way and good for them I say. Oh, and no disrespect intended but I am aware of how acquisitions happen. Smile

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RE: Naim / Focal takeover

This isn't news. Cirrus Logic has acquired Wolfson Microelectronics. When this happens inevitably cost-cutting will occur, and audio quality will suffer as we've seen in iPods when the Wolfson chips were replaced.

RIP Wolfson, nice knowing ya.

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RE: Naim / Focal takeover

Lot of movement in the audio world just now.  Phillips has sold one of their divisions, Woox, to Gibson (of guitars fame) who also recently acquired Onkyo and Teac. 

 

 

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RE: Naim / Focal takeover

the record spot wrote:

Lot of movement in the audio world just now.  Phillips has sold one of their divisions, Woox, to Gibson (of guitars fame) who also recently acquired Onkyo and Teac. 

 

 

 

Any link? Thanks. 

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RE: Naim / Focal takeover

A contracting market and an ongoing period of consolidation with the end result that there will probably be less real choice and some brands will more than likely disappear or change beyond recognition. 

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RE: Naim / Focal takeover

matthewpiano wrote:

A contracting market and an ongoing period of consolidation with the end result that there will probably be less real choice and some brands will more than likely disappear or change beyond recognition. 

Yes, it's certainly a changing market, but globalization means the UK is no longer the centre of the hi-fi universe. There's still loads of choice, some of which we've never heard of. JungSon Audio anyone? An 80W Class A amp for 1300 euros! 

And there still plenty of UK brands that continue to make great kit here: Harbeth, Sugden, Neat, Kudos, Rega, Leema, Roksan, Cyrus, Croft, Linn, PMC, ATC, Proac, Spendor, as well as brands that split their manufacturing between the UK and the Far East (Musical Fidelity, B&W etc). I think there's still a lot of choice.

Matt 

This train … carries saints and sinners / This train … carries losers and winners / This train … carries whores and gamblers / This train … carries lost souls.

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RE: Naim / Focal takeover

I may get a beating over this but UK was never considered worlds best Hi-Fi, at least outside the UK. 

Tier 1 - USA.

Tier 2 - Japan, UK.

Tier 3 - Scandinavia, Germany, France, Italy, Serbia, Russia.

 

I never understood why you guys dislike B&W so much since it is the most successful UK company to carry the torch for the Kingdom against giants like Harman. 

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