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New Deal


Announced

Completed

A group of investors led a $100m round in Photonic.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Private

Private Equity

Completed

Friendly

Single Bidder

Cross Border

Canada

quantum computing

Computer Hardware

Venture Capital

Synopsis

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A group of investors, including British Columbia Investment Management, Microsoft, National Security Strategic Investment Fund, Inovia Capital and Amadeus Capital Partners, led a $100m round in Photonic, a quantum technologies company. “Photonic’s game-changing approach to deliver on the decades-old promises of quantum computing continues to be fueled by our committed investors and best-in-class employees. The support of such knowledgeable investors who believe in our work is a testament to our team, our technology, and the direction we’re headed in,” Paul Terry, Photonic CEO.

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