Nuventix

Nuventix - Case Study

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Overview

  • Nuventix designs, manufactures, and distributes thermal management solutions across a wide range of end markets globally.
  • The Company’s diverse portfolio of intellectual property contains patents covering the only commercialized fan-less active cooling solution.
  • Founded in 2005 by Georgia Tech researchers, Nuventix quickly established a strong foothold and wide-reaching customer base within the LED lighting thermal management sector, and is at an inflection point following the adaptation of its technology for more widespread use in the growing consumer electronics market.
  • Nuventix recently landed design wins with some of the largest players in the consumer electronics industry and is in the process of rolling out a game-changing thermal management solution for small form factor products.

Situation

  • The company’s institutional capital backers sought to explore a potential exit from their investment in Nuventix as older investors required liquidity per their fund charters due to the length of the investment hold period.
  • The company was at an inflection point due to the rollout of its new consumer electronics focused product line and Nuventix’s investors needed a solution that valued the company’s future growth and strong IP portfolio.

Cascadia Process

  • Cascadia developed marketing materials that positioned Nuventix’s value around its IP portfolio and future revenue streams.
  • Cascadia identified the most likely buyers in a potential sale and provided a limited few pre-emptive looks at the opportunity.
  • Cascadia also ran broader, yet targeted, global process in order to ensure a competitive bid environment for the company.
  • AavidThermalloy, a portfolio company of the private equity firm The Audax Group, evolved into the preferred acquirer in the process and Cascadia – the combination of the two businesses provided significant upside due to customer synergies and manufacturing cost efficiencies.
  • Cascadia structured a complex deal that afforded the best outcome for all investors in Nuventix.
Trust. Experience. Independence. Results.

Building Trust

“Cascadia did an exceptional job positioning us in front of funds that align with our strategy and value. Their deep healthcare knowledge and relationships were key to receiving multiple offers and running a process that lasted less than three months.”

Ryan Schmid  |  President & CEO
Vera Whole Health

“Working with Cascadia was both rewarding and insightful.  It was a pleasure watching the team expertly navigate a process that I personally was quite familiar with. The Automotive Aftermarket group was the best team of bankers I have worked with.”

Greg Chapman  |  Chairman of the Board
TransGo

“I’m grateful to Cascadia for their insightful counsel and thoroughness in selecting a buyer who valued our unique growth opportunity and was committed to maintaining the integrity of our brand.”

Keith Robbins  |  Founder
Bubbies Homemade Ice Cream and Desserts, Inc.

“Cascadia helped develop the confidence of myself and my management team regarding a transaction. They supported us at every point along the way.”

Joan Wellman  |  Founder
JWA Consulting

“Cascadia delivered on their promises and exceeded our expectations in an investment banking partner, guiding us effectively through this critical juncture in our growth path.”

Ray Kuntz  |  CEO & Chairman
Watkins & Shepard

“Cascadia’s restaurant industry knowledge, market savvy and deep institutional relationships positioned our brand and customer value proposition perfectly to the investment community.”

Bruce Dean  |  Co-Founder & CEO
Black Bear Diner

“Cascadia was outstanding at resolving complex issues throughout the entire acquisition process. They instilled confidence among all the parties with their creativity and professionalism.”

Jim Sweeney  |  Vice President & General Manager
Super Supplements Vitamin Shoppe

“Cascadia has an incredible mix of technology savvy, relentlessly practical advice, and nuanced delivery. Cascadia represented us far better than we could have ever done ourselves.”

Troy Davis  |  CEO & Co-Founder
Papertrail

“We selected Cascadia for their domain expertise.  Their experience in the pet industry helped us achieve our objectives and enabled us to exceed our shareholders’ expectations.”

Ed Ryan  |  Chairman
Manna Pro

“Cascadia’s knowledge of the investors and the Healthcare IT landscape proved immensely helpful in our process.”

David Lischner  |  CEO
Valant

“Cascadia was knowledgeable about our market and counter-party universe, and they were sophisticated and hardworking throughout what evolved into a complex transaction.”

Jim Balthazar  |  CEO
Nuventix

“We relied on Cascadia heavily throughout the process to guide our strategy and to get us in front of the top growth equity firms in the country. I highly recommend them.”

Henry L. Schuck, Esq.  |  CEO
DiscoverOrg

“We relied heavily on Cascadia for both market knowledge and transaction experience. They were a critical component in helping us resolve complex issues.”

Rick Jung  |  Chairman and CEO
Clinicient, Inc.

“BDA has trusted Cascadia to help guide our strategic acquisitions for years and we believe they’ll be key to our continued growth and industry leadership.”

Jay Deutsch  |  CEO
BDA, Inc.
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