M&A · Tech · Computer Peripheral Equipment, NEC
Nano Dimension Ltd. to acquire Markforged Holding Corp
Announced Sep 25, 2024 · Closed Apr 25, 2025
Deal value$115M
Premium83.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$5.00 per share
Transaction
- Acquirer
- Nano Dimension Ltd. (NNDM)
- Target
- Markforged Holding Corp (MKFG)
- Buyer type
- Strategic
- Offer price per share
- $5.00
- Enterprise value
- —
- Status
- Closed Apr 25, 2025
Deal protections
- Break fee (target pays)
- $4.6M · 4.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Greenhill
- To the target
- Evercore
- Evercore fee
- $4.0M
Sector context · Tech
- Comparable deals
- 58 in the prior 24 months
- Premium
- 83.0% vs. 45.0% sector median
- EV / Adj. EBITDA
- Sector median 14.7x
- Break fee
- 4.0% vs. 3.0% sector median
Timeline
- AnnouncedSep 25, 2024
- Proxy filedOct 21, 2024
- Definitive proxyNov 13, 2024
- Shareholder voteDec 5, 2024
- ClosedApr 25, 2025
Valuation · fairness opinions
Discounted cash flow$1.34$2.55
Trading comparables$4.41$9.12
Trading comparables$4.21$8.53
Precedent transactions$6.19$8.26
Premiums paid$3.28$4.23
Offer $5.00
Implied value per Markforged Holding Corp share by analysis, from Evercore · DCF discount rate 18%–22%.