Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank, served as exclusive financial adviser to PreSonus Audio Electronics, Inc. (PreSonus) on its debt capital raise led by Presidential Financial. A leading brand with a 20-year track record of innovation in the $8 billion pro audio industry, PreSonus designs and manufactures software, hardware and related accessories for audio recording and live sound applications. The new capital structure will be used to support the company’s working capital needs and position it to execute on several growth opportunities.

“Intrepid’s deep understanding of the professional audio space, coupled with its sophisticated capital raising expertise enabled us to secure a comprehensive financing package, inclusive of a growth capital investment, domestic senior credit facility, and a cross-border asset-based facility,” said Stephen Fraser, CEO of PreSonus. “Intrepid’s team successfully positioned our company to the financing community and delivered an outstanding result.”

“We were thrilled to complete this financing for PreSonus, which is well situated to continue to create world-class products for musicians, audio engineers, and live venues throughout the world,” said Jonathan Zucker, Head of the Capital Markets Group at Intrepid.

Gary Rabishaw, Head of the Consumer & Professional Electronics practice at Intrepid, further commented: “This transaction illustrates the results that Intrepid delivers to its clients by combining the extensive reach of our Capital Markets Group with the deep sector knowledge of our industry bankers. We have a lot of respect for PreSonus and are excited to have played a role in the company’s future growth plans.”

PreSonus President Jim Odom said: “Our partnership with Intrepid has helped launch us into the next phase of the company’s life cycle, where we plan to continue to innovate with our technology-based ecosystem serving anyone involved in the production, engineering and broadcast of sound.”

Intrepid Investment Bankers is a specialty investment bank that provides M&A, capital raising and strategic advisory services to middle-market companies across various industry sectors.