Nanoco Explores Strategic Sale with Leadership Overhaul
Deal News | Feb 12, 2025 | Business Cloud
Nanoco Group plc, a Manchester-based company specializing in cadmium-free quantum dots, is undergoing significant organizational changes as it seeks to commercialize its technology in monitors, TVs, and infra-red sensors. The company, which recently secured $150 million from a legal dispute with Samsung, is working with CDX Advisors to sell its operating business, including its IP and employees. This move follows a strategic review prompted by the end of a contract with ST Microelectronics, and aims to reduce Nanoco's cash cost base. Recently, Dmitry Shashkov was appointed CEO, and Jai Subramanian joined as global business director. Jalal Bagherli CBE has been appointed chairman of the board. The leadership shakeup is aimed at accelerating customer and investor engagement. The overall aim is to scale Nanoco's quantum dot technology into high-value applications globally.
Sectors
- Nanotechnology
- Electronics
- Semiconductors
Geography
- United Kingdom – Nanoco Group plc is headquartered in Runcorn, UK, and the article mentions activities and roles within the UK market.
- Europe – The presence of European strategic partners and influences, such as ST Microelectronics, shows its European industrial ties.
- USA – The strategic market expansion includes significant ties and business operations within the USA.
Industry
- Nanotechnology – Nanoco develops and manufactures nanomaterials like quantum dots, crucial for the electronics and semiconductor sectors.
- Electronics – The firm's products are used in consumer electronics like monitors and TVs, aligning with this industry.
- Semiconductors – The strategic direction and change in partnerships, such as with ST Microelectronics, indicate relevance to the semiconductor industry.
Financials
- $150 million – Amount won by Nanoco in a legal dispute with Samsung, providing financial leeway for restructuring and growth.
- £2.6 million – Annual cash cost savings expected from restructuring efforts following the strategic review.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nanoco Group plc | Target Company | Company | A company specializing in cadmium-free quantum dots and nanomaterials, currently exploring a sale. |
| CDX Advisors | Financial Advisor | Company | Advising Nanoco on the sale of its operating business. |
| Dmitry Shashkov | CEO | Person | Recently appointed Chief Executive Officer of Nanoco. |
| Jai Subramanian | Global Business Director | Person | Newly appointed, responsible for overseeing and executing Nanoco's global business operations. |
| Jalal Bagherli CBE | Chairman of the Board | Person | Respected industry leader recently appointed as the chairman of Nanoco's board. |
| ST Microelectronics | Former Major Customer | Company | A previous major customer that shifted its strategic focus away from QD-enabled infra-red sensors. |
| Samsung | Legal Dispute Opponent | Company | Involved in a legal dispute with Nanoco, resulting in a $150 million award to Nanoco. |