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London - Duff & Phelps, the premier global valuation and corporate finance advisor, is pleased to announce that it acted as exclusive financial advisor to Oxford Instruments on the divestiture of its Industrial Analysis Business to Hitachi High-Technologies for £80 million on a cash and debt free basis. While the transaction was announced today, it is subject to a number of regulatory approvals and completion of a pre-sale reorganisation to carve out the relevant businesses. Assuming these conditions are satisfied, the deal is expected to close mid-2017.
Gavin Hill, Group Finance Director of Oxford Instruments, commented: “Duff & Phelps has run a first-class competitive sale process, which will result in a successful outcome for Oxford Instruments. They are experienced in their anticipation of the issues to address in a carve-out situation, insightful in their positioning of the business and well-connected with the leading industry players. Their team has coordinated superbly with us and our other advisors to ensure that every aspect of the transaction was managed in a smooth and successful way.”
Paul Teuten, Managing Director at Duff & Phelps, said: “We are delighted to advise Oxford Instruments on such an important transaction, resulting in a sale to Hitachi High-Technologies. The Industrial Analysis business is a world leader in analytical instrumentation and this deal cements our reputation as a leading advisor to the industrial technology sector. This is a complex carve-out of a global business and demonstrates our cross border carve-out experience to good effect.”
About Duff & Phelps
Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, disputes and investigations, M&A, real estate, restructuring, and compliance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world. For more information, visit www.duffandphelps.com
M&A advisory, capital raising and secondary market advisory services in the United States are provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. Pagemill Partners is a Division of Duff & Phelps Securities, LLC. M&A advisory and capital raising services in Canada are provided by Duff & Phelps Securities Canada Ltd., a registered Exempt Market Dealer. M&A advisory and capital raising services in the United Kingdom and across Europe are provided by Duff & Phelps Securities Ltd. (DPSL), which is authorized and regulated by the Financial Conduct Authority. In Germany M&A advisory and capital raising services are also provided by Duff & Phelps GmbH, which is a Tied Agent of DPSL. Valuation Advisory Services in India are provided by Duff & Phelps India Private Limited under a category 1 merchant banker license issued by the Securities and Exchange Board of India.