Majority disposal of Xennia Technology Limited to TenCate
Xenia Technology Ltd is a Cambridge based leading specialist in the area of inkjet technology for the development of inks / coating fluids and related steering technology (software). The company owns a strong intellectual property portfolio and a number of key technology platforms for both inks / coating fluids and hardware.
Inkjet is increasingly being seen as more than just a printing technique. It can also be an accurate and precise deposition manufacturing tool, suited to produce a vast array of materials for various applications. Xennia’s customers include global “blue chip” companies, equipment companies, and high- tech innovative start ups.
PEMCF acted as lead adviser to the shareholders of Xennia during the sale of the business to Royal Dutch TenCate, a Dutch quoted company.
What was Special
Xennia is a leading technology business and was marketed around the world by PEMCF with interest from Japan and the USA as well as Europe, where the ultimate buyer was found.
75% of the equity of Xennia was sold to Netherlands based Royal Dutch TenCate with management and other investors retaining a stake in the new combined business.