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Joele Frank handles 3D printer company Stratasys as it receives a $120M investment from Fortissimo Capital, an Israeli private equity fund.
The transaction, which is expected to close during Q2, bolsters Fortissimo’s ownership stake in Stratasys from 1.5 percent to 15.5 percent of its outstanding shares.
It is subject to review by the Committee on Foreign Investment in the United States.
Stratasys CEO Yoav Zeif said 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.”
At the closing of the transaction, Yuval Cohen, founding and managing partner of Fortissimo, will be appointed to Stratasys’ board.
The deal also gives Fortissimo the right to acquire up to 24.99 percent of the Stratasys issued and outstanding ordinary shares, but will be limited to 20 percent of the voting power.
Joele Frank, Wilkinson Brimmer Katcher’s Ed Trissel, Joseph Sala and Kara Brickman work the US media for Stratasys.
Josh Hochberg, COO and global head of special situations and investor relations at Edelman Smithfield, has joined ICR as president, communications.
Juleanna Glover’s Ridgely Walsh handles Lupa Systems as James Murdoch’s media & technology investment company acquires New York Magazine, Vox Media Podcast and various digital properties of Vox Media.
Publicis Groupe has acquired LiveRamp, the San Francisco-based data collaboration platform, for $2.2B.
Joele Frank is working the media for Atlanta’s Bitcoin Depot as the country’s largest operator of bitcoin ATMs files for Chapter 11 to begin the wind-down of its business.
Catalyst IR handles Mobix Labs as it signs a “non-binding letter of intent” to acquire Special Project Delivery LLC, a privately-owned platform with positions in US rare earth properties.
