When management issued a 10% share stake to Andy for a paltry 4M USD, I thought this was an inducement or form of compensation to incentivize Anzu to find a buyer of Voxeljet. How naive I was. Anzu found a way to get Voxeljet over a barrel. Ingo quietly departs, the Rug is pulled out from under shareholders like me.
I have no idea. I don't see how the private equity companies get a return on their investment without keeping Voxeljet operating until a new buyer can be found. I don't believe for a minute they really have any long term aspirations to own and operate an additive manufacturing company. And, so far they don't have a serious recapitalization plan, I mean all proposals just say something like a 2.5 million addition of cash to operating capital, which is just a 6 month infusion.
They must be looking at what's happening in Europe with re-arm Europe at 800B, and Rheinmetall stock is up 100% over the last 12 months on expectation of Europe funding a buildup of hostile machinery. Rheinmetall could buy Voxeljet with a stock only deal.
At the bottom of page 2 and the top of page 3 of Exhibit A (or pages 5 and 6 of the pdf file), you can see that Anzu are represented by two lawyers from the law firm Jones Day.
If you're interested, there is a Sale Hearing on 13 Aug which might give the results of the auction.
When management issued a 10% share stake to Andy for a paltry 4M USD, I thought this was an inducement or form of compensation to incentivize Anzu to find a buyer of Voxeljet. How naive I was. Anzu found a way to get Voxeljet over a barrel. Ingo quietly departs, the Rug is pulled out from under shareholders like me.
I have no idea. I don't see how the private equity companies get a return on their investment without keeping Voxeljet operating until a new buyer can be found. I don't believe for a minute they really have any long term aspirations to own and operate an additive manufacturing company. And, so far they don't have a serious recapitalization plan, I mean all proposals just say something like a 2.5 million addition of cash to operating capital, which is just a 6 month infusion.
They must be looking at what's happening in Europe with re-arm Europe at 800B, and Rheinmetall stock is up 100% over the last 12 months on expectation of Europe funding a buildup of hostile machinery. Rheinmetall could buy Voxeljet with a stock only deal.
Do you have any idea what will be their next steps? Do you really believe their only goal is to save the company and make 3D printers again?
Anzu Partners appear to be interested in the bankruptcy auction of Desktop Metals assets. See docket number 136 at
https://cases.ra.kroll.com/desktopmetal/Home-DocketInfo
At the bottom of page 2 and the top of page 3 of Exhibit A (or pages 5 and 6 of the pdf file), you can see that Anzu are represented by two lawyers from the law firm Jones Day.
If you're interested, there is a Sale Hearing on 13 Aug which might give the results of the auction.
Thank you for sharing that.