Financial Advisor
Technology M&A Practice Advised Rockley Photonics on Its Investment from Medtronic
received investment from
Connect With Us
In March 2021, Rockley Photonics, a leading developer of integrated silicon photonic chips and modules, announced a strategic investment from Medtronic, one of the largest medical device companies in the world.
Also in March 2021, Rockley Photonics announced its merger with SC Health, a NYSE-listed SPAC. The transaction will result in Rockley becoming a publicly-traded company on the NYSE under the symbol RKLY and values the joint company at a pro forma enterprise value of $1.2 billion.
Technology M&A Practice (Formerly Pagemill Partners), a Kroll Business, served as the strategic financial advisor to Rockley Photonics in connection with Medtronic’s investment.
About Rockley Photonics
Rockley Photonics, headquartered in Pasadena, California, U.S., is a leading integrated photonics chipset developer and module supplier for high-volume sensor and communication products. Formed in 2013, Rockley is led by Dr. Andrew Rickman, the founder of the first commercial silicon photonics company, Bookham Technology. Rockley has positioned itself for hyper scale manufacture with a uniquely capable platform that can address multiple huge and emerging markets, including health monitoring in consumer devices, data communications and machine vision. Rockley has partnered with multiple tier-1 customers across the markets it serves to deliver the complex optical systems required for transformational product realization. Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to Rockley Photonics.
About Medtronic
Medtronic plc, headquartered in Dublin, Ireland, is among the world's largest medical technology, services, and solutions companies. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries.
Technology Investment Banking
Technology expertise for middle-market M&A transactions.
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
ESOP and ERISA Advisory
Kroll's Corporate Finance ESOP/ERISA practice is a leading corporate finance and valuation advisor to companies and ERISA fiduciaries.
Private Capital Markets – Debt Advisory
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.
Fairness and Solvency Opinions
Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2013-2022.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.
The Duff & Phelps Opinions Practice of Kroll Rendered a Fairness Opinion to Andretti Acquisition Corp. in Connection with Its Proposed Merger with Zapata AI
Kroll's Private Capital Markets Practice Advised VisTech Manufacturing Solutions on Its Debt Financing from Energy Impact Partners
Kroll's Transaction Advisory Services Practice Rendered Buy-Side Financial and Tax Due Diligence to Multiplan Corporation on Its Acquisition of Benefit Solutions, LLC
The Duff & Phelps Opinions Practice of Kroll Rendered a Fairness Opinion to Andretti Acquisition Corp. in Connection with Its Proposed Merger with Zapata AI
Kroll's Private Capital Markets Practice Advised VisTech Manufacturing Solutions on Its Debt Financing from Energy Impact Partners
Kroll's Transaction Advisory Services Practice Rendered Buy-Side Financial and Tax Due Diligence to Multiplan Corporation on Its Acquisition of Benefit Solutions, LLC