Mirion Technologies goes public through merger with GSAH

Mirion Technologies has wrapped up its previously announced merger with GS Acquisition Holdings Corp II (GSAH), a blank check company sponsored by an affiliate of Goldman Sachs Group.

Based in Atlanta, Mirion Technologies caters to the nuclear, defense, medical and research end markets with detection, measurement, analysis, and monitoring solutions.

The deal has enabled Mirion Technologies to become publicly listed, with trading on the New York Stock Exchange (NYSE).

Thomas Logan — CEO of Mirion Technologies said: “Today marks a significant milestone for Mirion, as the capital raised through this transaction, paired with our new access to the public markets, will enable us to drive both organic and inorganic growth and execute on our product innovation strategy as we continue to expand globally.

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“We look forward to driving long-term shareholder value by delivering leading detection, measurement, analysis and monitoring solutions to the nuclear, defense, medical and research end markets.”

The merger deal raised nearly $604 million from the trust proceeds of GS Acquisition Holdings Corp II, $900 million through a fully committed private placement (PIPE), and a senior secured term loan financing of $830 million.

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Tom Knott — CEO of GS Acquisition Holdings Corp II said: “We are very pleased to have closed our business combination with Mirion, which we believe to be a market-leading business with a-cyclical exposures, attractive organic growth, a demonstrable history of success integrating bolt-on M&A, and an experienced management team prepared to deliver long-term, sustainable returns to shareholders.”

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