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Client:
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CEM develops, manufactures, sells and services microwave-based instruments for rapid testing, analysis and process control in the analytical laboratory and industrial markets.
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www.cem.com
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Transaction Summary:
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Brookwood was hired by a Special Committee to the Board of Directors, which had been formed in anticipation of an offer by CEM’s founder and CEO to purchase the company in a going-private transaction.
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Brookwood’s team provided very sound advice, focused and efficient global marketing of the business and excellent negotiating skills. The entire Board was very pleased with Brookwood and their results.
- Ron Norelli, Director
CEM, Board of Directors
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Transaction Highlights:
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High Value-Add Advisory Services – Brookwood provided an assessment of the strategic alternatives available to the shareholders, including a complete valuation of the company; executed a targeted global marketing of the business which resulted in multiple offers that validated its valuation advice; negotiated with multiple parties, including the CEO, to achieve an attractive outcome; and issued a fairness opinion.
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Attractive Result – CEM was ultimately sold to its founder at a 94% premium to its pre-announcement stock price and a 32% premium to the CEO’s initial offer.
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Efficient Process – Executed purchase agreement within 100 days of engagement date.
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