Lincoln International Represents Horizon Partners, Ltd. in the Sale of Display Products, a division of Xymox Technologies, Inc., to Citala Ltd.
CHICAGO Lincoln International acted as the exclusive financial advisor to Horizon Partners, Ltd. (Horizon Partners) in the sale of Display Products, a division of Xymox Technologies, Inc. (Xymox). The Display Products division of Xymox (DPD) is a leading manufacturer of Flexible Liquid Crystal Displays (LCDs) using a patented technology used to manufacture products for smart cards, semi-conductor test equipment, and high end wine cooler doors. DPD was sold to Israeli based Citala Ltd. (Citala), a leader in flexible electronic displays. Citala's products are used in a variety of applications, including smart cards.
Lincoln International worked closely with Horizon Partners and the senior management teams of Xymox and DPD throughout every aspect of the transaction. Lincoln evaluated the strategic rationale for the deal, interacted with Citala and other potential acquirers worldwide, coordinated the due diligence process, and assisted with the negotiation of the purchase agreement.
Lincoln International's deep industry knowledge of the electronics market and international capabilities ensured that we located all logical acquirers and had a flawless execution of the process, said Sam Bonanno, CEO, Xymox. Lincoln's hands-on approach, electronics industry expertise, and international focus were integral to the successful completion of this transaction.
I am very pleased with the outcome of Lincoln International's sale process, said Bill Ostrander, Vice President and General Manager, DPD. Citala is an excellent fit with DPD and we are excited to combine Citala's and DPD's proprietary technologies in unique and innovative products.
The transaction represents the eighth electronics transaction and sixteenth cross-border deal for Lincoln year to date.
About Lincoln International
Lincoln International specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, Los Angeles, New York, Paris and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise, and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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