Closed transaction

Project Udon

Advised by
Client
Counterparty
Deal stage
Closed transaction
Service
Sell
Sector
Technology, Media and Telecoms
Sub-sector
Other High Tech
Market
EMEA
Contact
sthompson@diamondcapadvisors.com

Deal details

This company developed spectroscopy devices that are highly sensitive due to their coded aperture.  The technology was licensed from Duke University and the company's assets were acquired and further developed by Coda and its venture capital investors.  The company sold rugged devices designed for law enforcement and government agencies for use in detecting heroin and fentanyl in feild conditions.  The company had very little revenue.  After a full auction process we identified Thorlabs as a buyer who would highly value and further develop the technology and wanted to hire the key employees.  The deal included an earn out based on employees and technology successfully transfering.

Shawn Thompson RoleManaging Director FirmDiamond Capital Advisors Shawn Thompson has over 30 years of investment banking and corporate finance experience. View profile
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