Avalon Instruments
Crescent Capital Initial Investment 2005
Crescent led an investment round into Avalon Instruments in June 2005. Other investors in the round were QUBIS, the University Challenge Fund, Invest NI together with directors and management. Avalon is a spin out from Andor Technology plc and is a developer, manufacturer and seller of scientific analytical instrumentation based on Raman spectroscopy techniques.
Avalon’s heritage and linkages with both Andor Technology plc and Queens University Belfast are strong. The company has validated the technology, product design and the broad market opportunity through market engagement during its life to date. The company’s significant product and application knowledge is matched to an increasing emergence of Raman spectroscopy as a mainstream analytical technique.
In 2006 the company received an attractive offer from Perkin Elmer, a leading US health and scientific instrument manufacturer quoted on the New York Stock Exchange, The company was sold in September 2006 for a significant premium to our original cost.
Contact Details
Crescent Contact : Hal Wilson
1 Chlorine Gardens
Belfast, BT9 5DJ
Northern Ireland
Tel: +44 (0) 28 9068 2224
Fax: +44 (0) 28 9068 2225
http://www.avaloninst.com
Crescent Capital NI Ltd is authorised and regulated by the Financial Services Authority
Crescent Capital NI Ltd is a member of the EVCA