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Perkin Elmer
Background
IC Sensors, Inc., formerly a wholly owned subsidiary of PerkinElmer, Inc., is a manufacturer of micro-machined products, serving both domestic and international customers in the industrial, medical, military and aerospace industries. With its core focus on the life sciences industry, PerkinElmer designated IC Sensors as non-core, and hired KPMG Corporate Finance to advise on the divestiture.
Success Factors
In divesting IC Sensors, KPMG Corporate Finance met a very aggressive timetable, closing the transaction in just over 90 days while obtaining a selling price 20% greater than the client’s expectations. Among those factors contributing to the success were KPMG Corporate Finance’s middle market investment banking experience, global reach, and inter-office teamwork in the execution of the transaction.


