February 14, 2025
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February 14, 2025
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Stratasys announces $120 Million equity investment from Fortissimo Capital

Stratasys announces $120 Million equity investment from Fortissimo Capital
(Image for representation purpose)/Source: Stratasys
Key Takeaways

Stratasys Ltd., a leader in polymer 3D printing solutions, announced that Fortissimo Capital, a leading Israeli private equity fund investing in technology and industrials, has entered into an agreement for an equity investment of $120 million in the Company, acquiring approximately 14% of Stratasys’ issued and outstanding ordinary shares through a direct purchase of 11,650,485 newly issued ordinary shares at $10.30 per share.

Prior to this transaction, Fortissimo owned about 1.5% of Stratasys’ issued and outstanding ordinary shares. With this transaction, Fortissimo will own approximately 15.5% of Stratasys’ issued and outstanding ordinary shares. The agreement also includes an 18-month lock-up period and customary standstill provisions, subject to the caveats specified below.

Stratasys raises $120 M Equity Investment

Fortissimo is investing in Stratasys for the long term at a premium valuation. Stratasys expects this partnership to increase shareholder value, support the continued execution of Stratasys’ growth strategy, and strengthen the Company’s balance sheet as it seeks to capitalise on inorganic value-creation opportunities in the additive manufacturing industry.

“Fortissimo’s investment underscores confidence in our leadership and performance, our ability to deliver solutions that solve customer needs and our long-term growth potential.”

– Dr. Yoav Zeif, Director and Chief Executive Officer of Stratasys

Dr. Yoav Zeif added, “Fortissimo is an experienced private equity investor with a growth focus, deep understanding of our business and a proven track record of investment in private and public technology companies. We are excited to partner with Fortissimo and believe their meaningful investment and partnership-oriented approach will enable us to drive additional long-term value for all shareholders.”

In connection with this investment, Yuval Cohen, Fortissimo’s Founding and Managing Partner, will be appointed to the Stratasys Board of Directors at the transaction’s close, replacing a Stratasys director to be named at the time. Mr. Cohen has over 30 years of financial and leadership experience, working closely with companies to achieve strategic goals through innovative approaches.

“We believe in the future of additive manufacturing and are confident in Stratasys’ leading role in shaping the industry. We have long respected their history of solving customers’ critical manufacturing challenges and are confident they exemplify the necessary and strategic approach to fulfill the potential of 3D printing,” said Mr. Cohen. “We look forward to being a part of Stratasys’ next chapter as we collaborate with its strong management team to build on the Company’s fundamental strengths to the benefit of the Company’s stakeholders.”

Investment Details

The transaction is expected to close in the second quarter of 2025, subject to review by the Committee on Foreign Investment in the United States.

Fortissimo will be exempt from Stratasys’ limited duration shareholder rights plan and subject to certain standstill undertakings, including:

  1. The right to acquire up to 24.99% of Stratasys issued and outstanding ordinary shares, but will be limited to 20% of Stratasys’ voting power, and the ability to conduct a tender offer for the purchase of at least To close such a tender offer, an advisory vote of unaffiliated shareholders would be required.
  2. If Fortissimo owns 20% of Stratasys’ issued and outstanding ordinary shares, Fortissimo may designate an additional nominee, increasing their Board representation to two directors (subject to certain qualifications).

With the exception of Fortissimo, all Stratasys shareholders will continue to be subject to the existing terms of the limited duration shareholder rights plan. The rights will generally become exercisable if an entity, person, or group acquires beneficial ownership of 15% or more of Stratasys’ outstanding ordinary shares in a transaction that is not approved by the Company’s Board.


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Manufactur3D Team
Manufactur3D Team reports on the latest news, insights and analysis from the Indian and the Global 3D Printing Industry. They share updates from Industry leading companies to Startups and covers their latest developments.
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