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Download PDF Summer 2011 Newsletter

The Year 2011 in Review

Snapshot of Photonics Industry M & A Transactions

The whirlwind of Merger & Acquisition activity in the photonics industry continues with the volume of transactions increasing significantly in the first half of 2011. Comparing to 2010 Snapshot, there was more activity in the first half of 2011 than in all of 2010.

The trend of small and middle market consolidation in the highly fragmented vertical market segments enabled by photonics technologies remains. And given the prolonged market volatility and uncertainly around the future role of government regulation, it is likely that organic growth will remain muted and opportunistic buyers will continue to absorb targets - amplifying a pattern of consolidation well into the second half of 2011.

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Capturing Value of Intellectual Capital

Costs of Doing Incorrectly are Enormous

Why? Because whether planning to sell a business short term or long term, the costs of not capturing the value of intellectual capital are enormous - improper deal structures, lost financial opportunities, assumptions of greater execution risk, over/under payments for asset acquisitions. And without protection, a reasonable buyer would not pursue.

Intangibles, namely intellectual property such as patents, dominate the balance sheet of technology companies - large and small.

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Valuing Privately Held Businesses

Beyond Compliance Toward Relevance & Better Financing Decisions

The Private Cost of Capital Model (PCOC) is based on the expected rate of return that private capital markets require in order to attract funds to a particular investment. This model enables a direct derivation of private business values from private return expectations, allowing a more relevant comparison.  As opposed to solely documenting business value for compliancy, the PCOC model promises to help business valuation professionals advise business owners in making better investing and financing decisions.

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Pan Mass Challenge

Thank You Corporate Sponsors!

Corporate sponsors, friends, and family rally to support Pan Mass Challenge. Team Dassault raising $500,000 for Dana-Farber Cancer Institute.

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