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Convex led the transaction professionally and tenaciously to achieve the best possible result for us

Michael Miller, Chairman

Deal Value: $17m

Nathalie Hodgkinson

Partner

RDS | November 2012

Convex Capital led the sale of RDS Technology to US based, private equity backed, Digi-Star LLC, in a transaction that valued the business at 7 x EBITDA.

RDS is a leading manufacturer and supplier of sophisticated monitoring, measuring and control equipment for the agricultural and industrial sectors.

Having identified and presented the value drivers of the business in a market leading Information Memorandum, the Convex team identified and approached strategic acquirers. A number of bids were managed to maximise the value of the business. Having selected the best purchaser for the business Convex negotiated, structured and project managed the transaction to completion within a 10 week timescale.

The Convex difference: creation of serious competition from international buyers, all with a strong appetite for RDS’ technological IPR

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