Bluebox Corporate Finance is delighted to announce the sale of CoolLED Limited (CoolLED), a market-leading niche life-sciences manufacturer, to AIM-listed Judges Scientific PLC (Judges or JDG.L), a specialist in the design and production of scientific instruments.
CoolLED provides cutting edge LED illumination systems for the fluorescence microscopy market, a rapidly expanding niche in the wider life-science market. Conceived and developed originally by Nick Edwards, the business has shown impressive growth in sales of its internally developed suite of products from its base in Andover. With an experienced team, led by Managing Director Jim Beacher, CoolLED’s fluorescence illumination systems are sold internationally, with further growth expected in North American and Asian markets. Jim will remain in his capacity as Managing Director going forward.
Commenting on the sale, CoolLED Director David Stokes said “We began working with Bluebox in early 2015 through their Blue Diamond Programme, as we were contemplating an exit. We found that the process focussed our minds on the key areas of growth in the business, and prepared us well for the inevitable rigours of due diligence. During the sale process itself, the advice offered by the Bluebox team was invaluable. We found them to be helpful, straightforward and honest.”
David Oakman, Director at Bluebox, commented “Having worked with CoolLED for some while, we are delighted to have successfully concluded a deal with Judges. They are an ideal partner for our client, and will be able to leverage the significant suite of products that have been developed to date. Having worked through our Blue Diamond Programme with the management team, we were able to ensure that CoolLED was well prepared when we did approach the market, and have achieved a successful result for all. We would like to wish CoolLED and Judges the very best for the future.”