RA Capital Advisors represented Nikkiso Cryogenic Industries’ Clean Energy and Industrial Gases Group – a part of Nikkiso Co., Ltd. (Japan) – in the sale of its Turboexpander product line to Paris-based Air Liquide.
Located in Santa Ana, California, the Nikkiso division designs and manufactures Turboexpander products for the industrial gas and natural gas liquefaction industries. RA Capital facilitated the sale to Paris-based Air Liquide.
Having advised the founder of Cryogenic Industries on its sale to Nikkiso in 2017, RA Capital was uniquely positioned to advise on the divestiture. During the transaction process, RA Capital coordinated timely due diligence and assisted in negotiations of all key commercial agreements, while minimizing distractions to the business and preserving confidentiality.
The divestiture of the Turboexpander manufacturing operations allows Nikkiso to focus on the aftermarket service market post-transaction. Air Liquide will benefit by bringing Turboexpander manufacturing in house to drive growth and efficiency in its air separation plants.
- Industry: Industrial Machinery and Equipment
- Deal Type: M&A – Sell-side
- Location: Temecula, CA