Advised on sale of technology development and IP licensing company
Subscribe to Transaction NewsAdvised on sale of technology development and IP licensing company
Subscribe to Transaction NewsStout served as financial advisor to Quarterhill Inc. in the sale of all of the shares of Wi-LAN Inc. to Owlpoint IP Opportunities JVF LP, a joint venture between Arena Investors, LP and Owlpoint Capital Management, LLC for gross proceeds of up to approximately CN$71.4 million subject to certain adjustments.
Stout was selected to execute on this complex, corporate carve-out transaction given its investment banking experience in the intellectual property (IP) monetization and professional services sector as well as transaction opinion capabilities. The team ran a robust process contacting a wide range of financial sponsors and institutional investors focused on the IP monetization space.
The transaction represents the successful culmination of Quarterhill’s strategic review process and transforms the Company into a growth-oriented business focused on the Intelligent Transportation Systems industry and positions WiLAN to prosper under a new ownership structure pursuing growth in the IP monetization space. Utilizing a multi-disciplinary investment banking and IP deal advisory team, Stout supported all aspects of the transaction, including providing a fairness opinion to Quarterhill.