William Blair Advises Molex Incorporated

Thursday, October 3, 2013

Molex IncorporatedWilliam Blair & Company is acting as lead financial advisor to Molex Incorporated in connection with its announced acquisition by Koch Industries, Inc. which agreed to acquire all of Molex’s outstanding shares for a total equity value of approximately $7.2 billion. Based on the closing stock prices on September 6, 2013, the purchase price represents a 42% premium to the equity value of Molex’s publicly traded stock.

Trusted guidance and advice:
Molex has turned to William Blair for strategic advice and transaction execution for more than 40 years. This was our 10th transaction for Molex since leading its 1972 IPO, including equity capital, debt capital, and buy- and sell-side M&A advisory services. We have provided equity research coverage of Molex since the company went public. 

Deep sector knowledge and transaction experience:
Given our extensive knowledge of the competitive landscape and strategic players in the industrial technology industry, Molex achieved a premium valuation in what is the largest transaction in its sector over the last decade. Our bankers worked with the Molex board to deliver a strong outcome for Molex shareholders while maintaining confidentiality and minimizing risks to Molex’s business.

Global reach:
Our relationships and access to strategic buyers across the United States, Asia, and Europe enabled Molex to conduct a targeted and comprehensive review of potential exit opportunities.

About the companies:
Molex is a 75-year-old global manufacturer of electronic, electrical, and fiber optic interconnection systems. Based in Lisle, Illinois, the company operates 41 manufacturing locations in 15 countries and employs more than 35,000 people globally. Sales for the fiscal year ended June 30, 2013 were $3.6 billion, with more than 70% of the revenue coming from products sold outside the United States.

Koch Industries, based in Wichita, Kansas, is one of the largest private companies in the United States with annual revenues of about $115 billion.

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