Fortissimo Capital’s 120 million USD funding in Stratasys has closed, with the non-public fairness fund buying 14% of the corporate’s issued and excellent atypical shares.
The shares have been bought by a direct buy of 11,650,485 newly issued atypical shares at $10.30 per share, leaving Fortissimo with roughly 15.5% of Stratasys’ issued and excellent atypical shares.
Consistent with the deal, Stratasys CEO Dr. Yoav Zeif has voluntarily stepped down from the Stratasys board, with Yuval Cohen, Founding and Managing Companion of Fortissimo, taking his spot. Cohen brings greater than 30 years of economic and management expertise to the board.
Dov Ofer, Chairman of the Board of Administrators of Stratasys, mentioned: “I want to congratulate Yuval on becoming a member of the Board of Administrators. His wealthy enterprise expertise will convey nice worth to the corporate because it continues its path as a worldwide chief within the area of 3D printing.”
Cohen added: “Fortissimo made this important funding in Stratasys out of recognition of its management, the large progress potential inherent in its know-how portfolio and its devoted administration staff led by Yoav. I sit up for working with the corporate’s excellent Board of Administrators and administration to unlock worth for patrons, staff and shareholders.”
Yoav Zeif stays as CEO of Stratasys.
