We are advising Mirion on the transaction

Davis Polk is advising Mirion Technologies Inc. on its acquisition of Paragon Energy Solutions from Windjammer Capital Investors for approximately $585 million in cash. The transaction is expected to close before year-end 2025, subject to customary closing conditions, including regulatory review. 

Mirion is a global leader in radiation safety, science and medicine, empowering innovations that deliver vital protection while harnessing the transformative potential of ionizing radiation across a diversity of end markets. Headquartered in Atlanta, Georgia, Mirion employs approximately 2,800 people and operates in 12 countries.

Paragon provides nuclear energy facilities with products, services and software solutions that enable them to reduce direct costs and parts inventory, while improving process efficiency.

Windjammer Capital is a private equity firm based in Newport Beach, California, and Waltham, Massachusetts, that invests control equity in middle market businesses and in partnership with management. Windjammer has over $2 billion of committed capital with respect to its control equity investment strategy, and since its founding in 1990 has completed over 50 platform acquisitions and over 100 strategic add-ons.

The Davis Polk corporate team includes partners Alan F. Denenberg and Michael Diz and associates Joseph G. Marano and Hannah R. Carter. Partner Hilary Dengel and associates Natalie Lin and Benjamin Titlebaum are providing finance advice. Partner Frank Azzopardi is providing intellectual property advice. Partner Patrick E. Sigmon is providing tax advice. Partner Adam Kaminsky is providing executive compensation advice. Members of the Davis Polk team are based in the Northern California, New York and Washington DC offices.

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