voxeljet AG Signs Agreement with Anzu Partners for 3D Printing Expansion

Deal News | Dec 03, 2024 | Anzu Partners LLC

This article discusses the agreement for Anzu Partners LLC, a US-based technology investment firm, to acquire voxeljet AG, a leading provider of industrial-scale 3D printers. The agreement signifies a strategic initiative to enhance and accelerate the capabilities within the additive manufacturing sector. The closing of the transaction is anticipated in March or April 2025, contingent upon customary conditions, the approval of voxeljet's general meeting, and Germany's foreign investment clearance. An agreement incorporates a 'go-shop' period allowing voxeljet to seek potential alternative proposals until January 12, 2025. The purchase agreement values voxeljet at approximately EUR 20,033,000. Anzu Partners is expected to maintain a commitment to voxeljet's existing customer and supplier relationships upon completion. Whitney Haring-Smith, managing partner at Anzu Partners, will serve as chair of the board post-acquisition, while voxeljet's current CEO Rudolf Franz will continue leading the organization. Anzu's strategic acquisition is intended to leverage voxeljet's technological advantages, securing its leading role amidst challenges like localized supply chains and sustainability. Legal advisories for the transaction include Morrison & Foerster LLP for Anzu, while Hogan Lovells International LLP and BNP Paribas serve as legal and financial advisors for voxeljet, respectively.

Sectors

  • Additive Manufacturing
  • Private Equity

Geography

  • United States – Anzu Partners, the acquiring firm, is based in the United States with offices across several major cities.
  • Germany – voxeljet AG, the target company for acquisition, is headquartered in Friedberg, Germany.

Industry

  • Additive Manufacturing – The article centers around voxeljet AG, a leader in the production of large-scale 3D printers and additive manufacturing technology.
  • Private Equity – Anzu Partners, a private equity firm focusing on technology innovations including 3D printing, is acquiring voxeljet AG to bolster its portfolio.

Financials

  • EUR 20,033,000 – The enterprise value of voxeljet AG for the acquisition by Anzu Partners.
  • EUR 1.7 million – Cash component of the purchase price, alongside the assumption of voxeljet's liabilities.

Participants

NameRoleTypeDescription
voxeljet AGTarget CompanyCompanyA German-based provider of high-speed, large-format 3D printers for industrial use.
Anzu Partners LLCBidding CompanyPE FirmA United States private equity firm focusing on clean tech, industrial, and life science technology.
Whitney Haring-SmithManaging PartnerPersonManaging Partner at Anzu Partners and future Chair of the Board for voxeljet post-acquisition.
Rudolf FranzCEOPersonCurrent CEO of voxeljet AG, who will continue to lead the business post-transaction.
Morrison & Foerster LLPLegal Advisor to AnzuCompanyProviding legal counsel to Anzu Partners for the transaction.
Hogan Lovells International LLPLegal Advisor to voxeljetCompanyOffering legal counsel to voxeljet AG for the acquisition process.
BNP ParibasFinancial Advisor to voxeljetCompanyServing as the financial advisor to voxeljet AG.