Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions, has announced a $120 million equity investment from Fortissimo Capital, a leading Israeli private equity fund. Fortissimo will purchase 11,650,485 newly issued ordinary shares at $10.30 per share, a 10.6% premium over the closing market price on January 31, 2025. This transaction will increase Fortissimo’s stake in Stratasys from approximately 1.5% to 15.5%.
The investment agreement includes an 18-month lock-up period and customary standstill provisions. Yuval Cohen, Founding and Managing Partner of Fortissimo, will join Stratasys’ Board of Directors upon the transaction’s closing, which is expected in the second quarter of 2025. This addition brings significant financial and leadership experience to the board.
Stratasys intends to use the investment to strengthen its balance sheet, support its growth strategy, and pursue opportunities within the additive manufacturing industry. The partnership with Fortissimo, known for its expertise in technology and industrial sectors, is expected to accelerate Stratasys’ strategic initiatives and market expansion. Fortissimo’s investment underscores confidence in Stratasys’ leadership, performance, and long-term growth potential, according to Stratasys CEO Dr. Yoav Zeif.
The investment structure allows Fortissimo to acquire up to 24.99% of Stratasys’ outstanding shares but limits their voting power to 20%. A provision allows Fortissimo to conduct a tender offer for at least 15% of outstanding shares, potentially bringing their holdings to at least 35%, subject to shareholder approval. This structured approach balances Fortissimo’s strategic influence with the protection of other shareholders’ interests. The transaction is subject to review by the Committee on Foreign Investment in the United States (CFIUS).