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Investment Flows in Photonics

Lasers & Photonics Marketplace Seminar®

Although Photonics has been at the core of many modern day inventions and economic growth for decades now, the environment for photonics technology and component providers remains highly fragmented and fiercely competitive with their OEM customers and end-users further up the value chain realizing the lions’ share of the value.

For a perspective, join us February 15 at Photonics West in San Francisco, CA when Linda Smith will explore recent mergers and acquisitions, and how and why strategic, private equity and venture capital investments are flowing into photonics businesses.

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Private Equity and Venture Capital Investments in Photonics

Highlights from 2015

Photonics is the science and technology of generating, controlling, and detecting photons, which are particles of light. The 21st century will depend as much on photonics as the 20th century depended on electronics. A core enabling technology, photonics applications include: drug discovery and early diagnosis of disease, cell phone displays, energy-saving LED lighting, solar energy, 3D printing, fiber optic communications networks, and more.

In 2015, $50billion of the $1trillion in private placements worldwide went to work commercializing technology and scaling photonics businesses or businesses with core enabling technology in photonics.

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Photonics Industry M&A Activity

Premium Priced Strategic Acquisitions

The Mergers & Acquisitions market for photonics companies and those enable by photonics remains strong in 2015.  Compared to the M&A market as a whole, average valuation multiples are higher than all other sectors.

Middle market companies employing photonics to serve a wide breadth of markets, such as Display, Medical Diagnostics, Ophthalmics and Solar, are realizing high valuations.  A handful of Asia based middle market companies realizing premium valuations from strategic buyers are driving-up average Enterprise Value/Revenues multiples.

Leading the pack in Display are: Chunghwa Picture Tubes, manufacturer of liquid crystal and flat panel displays (108x); IRICO Display Devices, provider of LCD and OLED components (62x); Beijing Baofeng Mojing Technology, manufacturer of virtual reality headsets (42x).  Employing Biophotonics and leading the pack are: DioGenix, molecular diagnostics company providing DNA sequencing assays to identify patients with multiple sclerosis (62x); and InSight Vision, ophthalmic company developing proprietary drug delivery technology (13x).

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Ceres Photonics Tech Wire

NEW! Subscription to Bi-Weekly Photonics Transaction News

Whether you are buying, selling, or planning - access to relevant, current, and accurate information is critical.  CERES is offering a free subscription to Ceres Photonics Tech Wire, a bi-weekly newsfeed on M&A and private placement transactions in the photonics industry and the markets it serves.  Subscribe now and gain access to valuable transaction data.

The Ceres Photonics Tech Wire is a new opt-in subscription.  You will not receive the Tech Wire, because you are subscribed to this annual newsletter.

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SPIE Photonics West Panel Workshop

Financing Photonics Businesses

Join us February 16 at Photonics West in San Francisco, CA for presentations from an accomplished panel whose expertise crosses early to late stage venture capital and private equity investing, strategic corporate investing, licensing of intellectual property, debt financing, and crowdfunding.  Learn about financing and exit strategies for your business, as well as micro and macro trends influencing competition for capital, return expectations, and valuations. 3:30 to 5:00PM with reception to follow.

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