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Latham & Watkins Advises Desktop Metal in US$1.8 Billion Merger With Stratasys

May 25, 2023
Firm advises the 3D printing solutions company in the all-stock transaction.

Stratasys Ltd. (Nasdaq: SSYS) and Desktop Metal, Inc. (NYSE: DM) have announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately US$1.8 billion. The transaction unites the polymer strengths of Stratasys with the complementary industrial mass production leadership of Desktop Metal’s brands, creating an additive manufacturing company that is expected to be well-positioned to serve the evolving needs of customers in manufacturing.

Latham & Watkins LLP represents Desktop Metal in the transaction with a corporate deal team led by Houston partner Ryan Maierson and Boston partner Daniel Hoffman, with associates Bryan Ryan, Monika Kluziak, Haley Sandoval, Catherine Sims, and Tasbiha Batool. Advice was also provided on public company matters by London/Boston partner Emily Taylor and Boston partner Jennifer Yoon; on tax matters by Century City partner Samuel Weiner and Washington, D.C. partner Nicholas DeNovio, with associates Jeremiah Cowen and Joseph Marcus; on benefits and compensation matters by Washington, D.C. partner David Della Rocca, with associates Ashlie Lawton and Bryce Williamson; on antitrust matters by Washington, D.C. partner Amanda Reeves, Frankfurt partner Max Hauser, Bay Area counsel Jason Daniels, Hamburg counsel Jana Dammann de Chapto, and Washington, D.C. counsel Peter Todaro, with associates Andrew Paik, Nicolas Jung, and Victoria Pfaff; on convertible notes matters by New York partner Reza Mojtabaee- Zamani, with associate Christopher Yu; on capital markets matters by Boston partner Elisabeth Martin, with associate Nicole Fu; on IP matters by Boston partner Sarah Gagan, with associates Deborah Hinck and Zachary Shufro; on regulatory matters by Washington, D.C. partner Julia Hatcher; on environmental matters by Washington, D.C. partner James Barrett, with associate Ashley Maiolatesi; on compliance matters by London partner Nathan Seltzer; on data privacy by Bay Area partner Heather Deixler; on export controls, CFIUS, and sanction matters by Washington, D.C. partner Damara Chambers and Washington, D.C. counsel Ruchi Gill, with associates Matthew Crawford and Lauren McGuire; and on government contracts matters by Washington, D.C. partner Dean Baxtresser, with associate Julia Lippman.