Target: | 3D Hubs |
Advisory Target: | Stifel/KBW | Financial Advisor Cooley | Legal Advisor |
Sellers: | EQT Partners | Private Equity House Endeit Capital | Private Equity House Balderton Capital | Private Equity House Hearts Ventures | Private Equity House |
Buyer: | Protolabs |
Advisory Buyer: | Navidar Group | Financial Advisor Faegre Drinker Biddle & Reath | Legal Advisor |
Date announced: | 2021-01-19 |
Story:
A group of investors has agreed to sell its stake in 3D Hubs B.V. to Proto Labs, Inc. The group includes EQT Partners AB, Endeit Capital, Balderton Capital (UK) LLP, and Hearst Ventures.
The acquisition will provide Protolabs with a network of manufacturing partners to fulfill a breadth of capabilities outside of its current envelope, as well as a broader offering of pricing and lead time options.
The transaction is anticipated to accelerate Proto Labs'revenue growth rate and be marginally dilutive to non-GAAP earnings per share in 2021. The two companies will continue to operate independently.
Source Mergermarket
Press release Protolabs
Press release 3D Hubs
Press release Endeit
Press release Balderton Capital
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