OCEAN TOMO SERVES AS INTELLECTUAL PROPERTY FINANCIAL ADVISOR IN MOSAID TECHNOLOGIES, INC. PRIVATIZATION
Patent Valuation and Technology Licensing Market Opportunity Drives Intellectual Property Focused LBO
(CHICAGO, IL) December 29, 2011 – Ocean Tomo, LLC, made public today its role as intellectual property (IP) advisor, supporting the acquisition of MOSAID Technologies Inc. (TSX:MSD) by Sterling Fund Management, LLC, for a cash payment of $46.00 per share. The total value of the transaction is approximately $590 million. With the completion of the acquisition, MOSAID's shares are expected to be de-listed from the Toronto Stock Exchange following the close of trading yesterday, December 28, 2011.
”Understanding the value of the MOSAID patent portfolio was central to this transaction and required Ocean Tomo to interface directly with deal capital partners,” noted Roy D'Souza, Ocean Tomo Managing Director and head of the firm's Valuation Practice.
Ocean Tomo's role as IP advisor on the transaction included participation in all aspects of IP due diligence and valuation.
“The MOSAID transaction represents an important milestone in the evolution of IP into a discreet asset class. It is the first leveraged buyout driven exclusively by IP asset value,” explained Michael D. Friedman, Ocean Tomo Chief Investment Officer and project leader.
About Ocean Tomo, LLC
Established in 2003, Ocean Tomo, LLC, is the Intellectual Capital Merchant Banc™ firm. The company provides financial products and services related to intellectual property, including expert testimony, valuation, research, ratings, investments, risk management strategy and transactions. Ocean Tomo assists clients – corporations, law firms, governments and institutional investors – in realizing Intellectual Capital Equity® value broadly defined.
Headquartered in Chicago, Ocean Tomo has offices in Greenwich, Houston, Orange County and San Francisco. Subsidiaries of Ocean Tomo include: Ocean Tomo Risk Management, LLC; Ocean Tomo Asset Management, LLC; OTI Data Networks, LLC; Patent Marking, LLC; and Ocean Tomo Capital, LLC – publisher of the Ocean Tomo 300® Patent Index family. Ocean Tomo is the founder of the Intellectual Property Exchange International (IPXI), Inc. as well as the exclusive licensee and distributor of the PatentRatings® system.