B. Riley FBR Acts as Sell-Side Advisor to 3DSIM in its Acquisition by ANSYS
November 22 2017 - 9:00AM
B. Riley FBR, Inc. (“B. Riley FBR”), a leading full service
investment bank and wholly-owned subsidiary of B. Riley Financial,
Inc. (NASDAQ:RILY), served as the exclusive sell-side advisor to
the board and shareholders of 3DSIM, the premier developer of
additive manufacturing simulation software. 3DSIM was acquired by
ANSYS, the global leader and innovator of engineering simulation
software, in a transaction that closed on November 15, 2017. Terms
were not disclosed.
3DSIM develops powerful simulation software for metal additive
manufacturing. These software tools empower manufacturers,
designers, materials scientists and engineers, to achieve their
objectives through simulation-driven innovation rather than
physical trial and error. The acquisition gives ANSYS the
industry’s only complete additive manufacturing simulation
workflow.
B. Riley FBR originated and negotiated the deal on behalf of
3DSIM.
“The B. Riley FBR team played a critical role in securing the
right partner and structuring the deal,” said 3DSIM CEO Brent
Stucker. “They were the clear choice to represent us and we are
very pleased with the outcome and excited to be part of the ANSYS
family.”
“This is a great opportunity for 3DSIM to expedite the adoption
of its state of the art simulation software by leveraging the
global reach of the ANSYS platform,” said Matthew Spain, Managing
Director at B. Riley FBR. “We’re pleased to have been selected as
3DSIM’s financial advisor and for the opportunity to partner with
the 3DSIM team to achieve such a favorable result for the
shareholders and employees.”
About B. Riley FBR, Inc.
B. Riley FBR, Inc. is a leading investment bank which
provides corporate finance, research and sales and trading to
corporate, institutional and high net worth individual clients.
Investment banking services include initial secondary and follow-on
offerings, institutional private placements and merger and
acquisitions advisory services. The firm is nationally recognized
for its highly ranked proprietary equity research.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals. The Company
operates through several wholly-owned subsidiaries,
including B. Riley FBR, Inc., Wunderlich
Securities, Inc., Great American Group, LLC, B. Riley
Capital Management, LLC (which includes B. Riley Asset
Management, B. Riley Wealth Management, and Great
American Capital Partners, LLC) and B. Riley Principal Investments,
a group that makes proprietary investments in other businesses,
such as the acquisition of United Online, Inc.
Media Contact Joe LoBello LoBello
Communications 516-902-2684 Joe@LoBelloCommunications.com
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