Primo Space Fund, managed by 360 Capital (IT), has acquired technology firm Lithium Lasers (IT) for $2m on April 22, 2024. The deal aims to accelerate the commercialization of FemtoFlash ultrashort pulse lasers.
| "Deal-at-a-Glance" | |
|---|---|
| Acquirer | Primo Space Fund, managed by 360 Capital (IT) |
| Target | Lithium Lasers (IT) |
| Value | $2m |
| Type | Acquisition |
| Close Date | April 22, 2024 |
| Advisors (Buy-side) | 360 Capital Partners |
| Legal Advisors (Buy-side) | Fabio Azzolina, BizPlace |
Deal Mechanics
The acquisition of Lithium Lasers is valued at $2m and was finalized on April 22, 2024. The deal structure includes no disclosed key terms.
Strategic Rationale
Primo Space Fund's motivation for the acquisition is to accelerate the industrialization and commercial application of FemtoFlash ultrashort pulse lasers, a technology that promises significant advancements in various sectors including aerospace and automotive manufacturing. By integrating Lithium Lasers into its portfolio, Primo aims to solidify its position as an innovator in cutting-edge space technology solutions.
Financial Context
The transaction is part of the broader strategy by Primo Space Fund to invest in women-led startups and companies that support sustainability within the space industry. Lithium Lasers' focus on FemtoFlash lasers aligns with these strategic objectives, as they offer precision manufacturing capabilities critical for the growth of sustainable space technologies.
Advisors
The acquisition was advised by 360 Capital Partners on the buy-side and Fabio Azzolina from BizPlace handled the legal aspects of the transaction. The sell-side advisors remain undisclosed.
Outlook
With this acquisition, Primo Space Fund is set to enhance its portfolio's technological edge while contributing to sustainable advancements in space technology. Lithium Lasers' integration into the fund will likely lead to expanded product offerings and market reach for both entities involved.