Ocean Tomo Monetization Strategy Leads to $96 Million Patent Transaction
Earlier this morning Ocean Tomo announced that our Transactions Advisory Group represented the German chemical company BASF SE in the sale of over 500 issued and pending patents related to OLED. The approximately $96 million USD intellectual property transaction between BASF SE and the wholly-owned subsidiary of Universal Display Corporation, UDC Ireland Ltd. was comprised of 86 patent families. The patents represented 15 years of research and development by BASF in phosphorescent materials and technologies.
“The Ocean Tomo team ran a thorough sales process for BASF, narrowing an initial list of prospective acquirers to a key group of potential strategic acquirers through that process. They demonstrated a keen ability to package up the portfolio in a way that clearly communicated its value to each potential acquirer, get prospective acquirers rapidly engaged in due diligence and in position to submit offers on a tight timeline, and drive to a seamless close.” said Felix Goerth, Director Organic Electronics as BASF New Business GmbH, “the ultimate acquisition of the OLED portfolio by Universal Display creates a favorable outcome for BASF while guiding the portfolio to a company that will be able to generate significant value for the OLED industry out of technologies.”
“When BASF first shared the OLED portfolio with the team at Ocean Tomo it was clear to us that they had a very unique and valuable asset that could further be developed by a strategic acquirer,” said James Trueman, Managing Director of Ocean Tomo’s Advisory Services Group, comprised of transactions and investments advisory, “our team was pleased that we were able to assist BASF with successfully monetizing its extensive R&D efforts and ensure that the assets transitioned to a key player in such an important market who is well positioned to continue their commercialization.”
About Ocean Tomo
Ocean Tomo, the Intellectual Capital Merchant Banc™ firm, provides industry leading financial services related to intellectual property and intangible assets including financial expert testimony, valuation, strategy consulting, investment advisory, innovation management consulting and transaction brokerage.
Our Opinion, Management, and Advisory Services are built upon more than two decades of experience valuing intellectual property in the most rigorous of venues – State, Federal and international courts. Our financial, market and technical experts provide a unique understanding of the contributory value of proprietary innovation. This is the cornerstone of our business. This insight permeates every practice and client engagement.
Collectively, Ocean Tomo professionals have:
- Executed over 750 engagements involving IP worth in excess of $10 billion;
- Successfully closed transactions where disruptive technology played a key role, with cumulative transaction value in excess of $650 million;
- Conducted over 250 valuation engagements and 300 financial damages expert testimony engagements.
- Ocean Tomo assists clients – corporations, law firms, governments and institutional investors – in realizing Intellectual Capital Equity® value broadly defined.