Strata advised Zebra Technologies Corp on the $10 million investment into ZBD

Transaction Summary

Strata advised Zebra Technologies Corp (NASDAQ: ZBRA, market value of approximately $2.4 billion) on the $10 million investment into ZBD Solutions, the UK based provider of electronic shelf labels for the retail market.

Background

• Strata advised Zebra Technologies Corp (NASDAQ: ZBRA, market value of approximately $2.4 billion) on the $10 million investment into ZBD Solutions, the UK based provider of electronic shelf labels for the retail market

• The ZBD solution provides graphic displays, price and product information management software together with a two way wireless network

• Strata was exclusive financial adviser to Zebra on this transaction

• Zebra provides the broadest range of innovative technology solutions to identify, track, and manage the deployment of critical assets for improved business efficiency. Zebra serves more than 90 per cent. of Fortune 500 companies worldwide

• Zebra is headquartered in Chicago, USA, and reported revenues of c. $1 billion in 2012

Transaction Highlights

• The financing will be used to accelerate ZBD’s global expansion, in particular in the USA, and to fund continued product development

• The investment gives Zebra a material stake in a high growth company operating in a complementary sector and cements a strategic partnership that was announced simultaneously

• The holding structure of ZBD Solutions was complex, involving several different classes of ordinary and preference shares, subscribed at different share prices and liquidation preferences. Strata Partners negotiated an investment by Zebra at the top of the preference stack on terms that were satisfactory to all parties