Mirus Capital AdvisorsMirus Capital Advisors

Mirus completes 409A valuation for Luminus Devices

In 2009, Mirus was engaged to provide a common stock valuation to Luminus Devices in connection with the Company’s ISO plan. Luminus was founded in 2002 on the basis of research at Massachusetts Institute of Technology. The firm subsequently raised venture capital from Argonaut Private Equity, Braemar Energy Ventures, Paladin Capital Group, Stata Venture Partners, CMEA Ventures, Battery Ventures, DFJ, DFJNE, and Eastward Capital. Luminus focused initially on projection displays before shifting toward general illumination and high-brightness applications such as street lighting. The firm’s LEDs are now used for general lighting, projection display, entertainment, ultraviolet curing, life sciences, medical, portable, transportation, and digital signage lighting applications.

On June 13, 2013, Luminus Devices Inc of Billerica, MA, agreed to merge with Lightera Corp of Sunnyvale, CA (a subsidiary of LED maker Sanan Optoelectronics Co.) According to a Company press release, annual revenue for Luminus Devices in 2012 was $17m.

About Mirus Capital Advisors

Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.

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