M&A · Industrials · Special Industry Machinery, NEC
Nano Dimension Ltd. to acquire Desktop Metal, Inc.
Announced Jul 3, 2024 · Closed Apr 2, 2025
Deal value$183MEV $183M
Premium27.3%To unaffected price
EV / Adj. EBITDA—1.0x EV / Revenue
ConsiderationAll cash$5.50 per share
Transaction
- Acquirer
- Nano Dimension Ltd. (NNDM)
- Target
- Desktop Metal, Inc. (DM)
- Buyer type
- Strategic
- Offer price per share
- $5.50
- Enterprise value
- $183M
- Status
- Closed Apr 2, 2025
Deal protections
- Break fee (target pays)
- $7.9M · 4.3%
- Reverse fee (buyer pays)
- $5.0M · 2.7%
- Go-shop
- —
- Financing
- No financing condition
Advisors
- To the acquirer
- Greenhill, Mizuho
- To the target
- Stifel
- Stifel fee
- $1.5M
Sector context · Industrials
- Comparable deals
- 81 in the prior 24 months
- Premium
- 27.3% vs. 38.0% sector median
- EV / Adj. EBITDA
- Sector median 9.6x
- Break fee
- 4.3% vs. 2.8% sector median
Timeline
- AnnouncedJul 3, 2024
- Proxy filedAug 1, 2024
- Definitive proxyAug 15, 2024
- Shareholder voteOct 2, 2024
- ClosedApr 2, 2025
Valuation · fairness opinions
Trading comparables$1.75$2.63
Trading comparables$1.31$2.26
Trading comparables$1.48$2.37
Precedent transactions$4.04$9.62
Precedent transactions$3.42$8.60
Offer $5.50
Implied value per Desktop Metal, Inc. share by analysis, from Stifel.