OEM Capital was asked to assist Ondax, Inc. in helping to manage the sale or merger of its business to find a strategic partner and help unlock shareholder value. We strongly believed that the best way to accomplish this was by merging it with an attractive, publicly traded company.
Ondax, Inc., a closely held company based in Monrovia, California is a technology and market leader in the design, manufacture and marketing of high-performance holographic optical filters, wavelength-stabilized laser sources, and high-performance Raman spectroscopy systems for a wide range of industrial, scientific, defense and medical applications.
Coherent, Inc., a US$2,000 million publicly held company (Nasdaq: COHR) based in Santa Clara, California, is a global leader in lasers and laser-based technology in a range of scientific, commercial, and industrial applications.
OEM Capital teamed with Diamond Capital Advisors LLC, a West Coast firm also affiliated with the Alliance of Independent Corporate Advisors (AICA) to help develop comprehensive marketing materials showing the profit impact from increasing revenues of its business. These were used to help position the company for the highest value. We then used our worldwide industry contacts to network with a number of key executives at the companies we had targeted.
OEM Capital’s success with Ondax, Inc. illustrates that superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.