M.M. Dillon & Company (“Dillon”) acted as sole financial advisor to QuantaSol Ltd. In its sale to JDSU (NASDAQ: JDSU). JDSU is now Viavi Solutions. Terms of the transaction were not disclosed
About QuantaSol
QuantaSol, a U.K. solar startup, was founded in 2006 based upon multiple quantum well technology spun out of Imperial College London. The company raised over £7 million of venture capital funding in multiple rounds to produce a triple junction concentrator cell that was more efficient for power conversion in concentrated photovoltaic (CPV) solar power generation system. QuantaSol’s concentrator III-V semiconductor chip design was based on patented technology and provided the buyer with the best light to power conversion in a CPV solar power generator, a critical metric for the industry.
About M.M. Dillon & Co.
M.M. Dillon & Co. (formerly CRT Investment Banking LLC) is an employee owned partnership where industry and product specialists collaborate closely to provide creative, idea-driven advice and solutions to its institutional and corporate clients. M.M. Dillon offers public and private financing, M&A advisory and restructuring advisory services. M.M. Dillon’s team of experienced professionals provides execution capabilities for companies across a range of industry sectors. The firm’s senior banking professionals have a minimum of 20 years of experience with major Wall Street firms.