Latham Advises Desktop Metal, Inc. in All-Cash Acquisition

Nano Dimension Ltd. and Desktop Metal, Inc. have jointly announced that they have entered into a definitive agreement under which Nano Dimension will acquire all outstanding shares of Desktop Metal in an all-cash transaction for US$5.50 per share, subject to possible adjustments. Desktop Metal (NYSE: DM) is driving Additive Manufacturing 2.0, a new era of on-demand, digital mass production of industrial, medical, and consumer products. Its innovative 3D printers, materials, and software deliver the speed, cost, and part quality required for this transformation. Desktop Metal’s systems print metal, polymer, sand, and other ceramics, as well as foam and recycled wood. Manufacturers use its technology worldwide to save time and money, reduce waste, increase flexibility, and produce designs that solve the world’s toughest problems and enable once-impossible innovations.

Latham & Watkins LLP has represented Desktop Metal, Inc. since incorporation and represented Desktop Metal, Inc. in the deal, with a corporate M&A team led by Boston partner Dan Hoffman, and Houston partner Ryan Maierson, with associates Bryan Ryan, Magda Farhat, Haley Sandoval, Catherine Sims, Tasbiha Batool, and Govin Kaggal. Advice was also provided on tax matters by Bay Area partner Kirt Switzer, with associates Jeremiah Cowen and Joseph Marcus; on benefits and compensation matters by Washington, D.C. partner David Della Rocca, with associate Bryce Williamson; on antitrust matters by Washington, D.C. partner Amanda Reeves, San Diego partner Hanno Kaiser, Bay Area counsel Jason Daniels, with associates Seung Wan Paik, Nicolas Jung, and Markus Welzenbach; on convertible notes matters by New York partner Reza Mojtabaee-Zamani, with associate Kevin Zhang; on capital markets and public company reporting matters by Boston partner Elisabeth Martin, with associate Kacper Coulter; on IP matters by Boston partner Sarah Gagan, with associates Deborah Hinck, Alex Theuer, and Zachary Shufro; on HSR matters by Washington, D.C. partner Patrick English; on antitrust and competition (Ex-US) matters by Frankfurt partner Max Hauser and Hamburg partner Jana Dammann de Chapto; on chemical regulatory matters by Washington, D.C. partner Julia Hatcher, with associate De Vann Sago; on environmental matters by Washington, D.C. partner James Barrett; on CFIUS and trade control matters by Washington, D.C. partner Damara Chambers and counsel Ruchi Gill, with associate Matthew Crawford; on FCPA (ABC) matters by London partner Nathan Seltzer, with associate Lauren McGuire; on data privacy matters by Bay area partner Heather Deixler, with associate Mitch Benett; on government contracts matters with Washington, D.C. partner Dean Baxtresser, with associate Genevieve Hoffman; and on finance matters by Boston partner Susan Parker.