Mirion Technologies, a radiation detection and measurement platforms provider, is expected to start trading Thursday on the New York Stock Exchange after it completed its merger with blank check company GS Acquisition Holdings Corp II (NYSE: GSAH) that was first announced in June.
Shareholders at GS Acquisition approved the combination Tuesday and Atlanta-based Mirion said Wednesday will list its Class A common stock and warrants on NYSE using the ticker symbols âMIRâ and âMIRW,â respectively.
âToday 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,â said Mirion CEO Thomas Logan.
Logan added that the company looks forward to delivering measurement, detection, analysis and monitoring technologies to the defense, nuclear, research and medical end markets to drive long-term value for shareholders.
The combination generated $900 million from a fully committed private investment in public equity, $830 million from a senior secured term loan financing and approximately $600 million from GS Acquisition trust proceeds. Mirion said it will use a part of the proceeds to pay $1.3 billion to existing shareholders, refinance third-party debt worth about $909 million and pay transaction expenses.
Mirion, which was majority owned by Charterhouse Capital Partners prior to the dealâs closing, has approximately 2,500 employees with operations in 13 countries.
