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New Deal


Announced

Completed

VELO3D went public via merger with JAWS Spitfire in a $1.6bn deal.

Financials

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Transaction Value£1,155m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales90x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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metal parts

metal additive manufacturing

Machinery: Industrial

Reverse Takeover

Acquisition

De-SPAC

Domestic

United States

Private

Private Equity

Friendly

Majority

Single Bidder

Completed

Synopsis

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VELO3D, a manufacturing solutions provider, went public via merger with JAWS Spitfire Acquisition, a special purpose acquisition company, in a $1.6bn deal. A $150m PIPE was led by Baron Capital Group and Hedosophia. “I am proud that such visionary partners continue to trust VELO3D to build products through methods that were previously impossible. With JAWS Spitfire’s long-term partnership, we expect to extend the reach of VELO3D’s technology and bring its solutions to even more customers globally. As we scale our business and advance our growth strategy, we expect to expand the high value metal additive manufacturing market and strengthen our competitive position,” Benny Buller, VELO3D CEO.

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