Kornit Digital’s $265 Million Offering

White & Case LLP has advised Kornit Digital on the deal, while Gornitzky represented the underwriters.

Kornit Digital Ltd. (NASDAQ: KRNT) executed its offering raising US$169.5 million in primary proceeds, including the exercise in full of the underwriters’ option to purchase additional shares, and US$95.5 million in secondary proceeds for the account of Amazon.com, Inc. as selling shareholder pursuant to the exercise of a warrant granted by Kornit. Kornit granted a new warrant to an affiliate of Amazon concurrently with the launch of the offering.

Kornit develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries.

Citigroup, Barclays and Goldman Sachs & Co. LLC acted as book-runners and as representatives of the underwriters for this offering. Needham & Company, Stifel, William Blair, Craig-Hallum Capital Group and CJS Securities acted as co-managers for the offering.

The White & Case capital markets team advising Kornit was led by partners Colin Diamond (Picture) and Elliott Smith and associates Kate Warrick, M.K. Kang and Teng Chun (all in New York).

The Gornitzky team was led by partners Chaim Friedland and Ari Fried, and associates Danielle Skald, Lilach Shamir and Josh Cohn.

Involved fees earner: Josh Cohn – Gornitzky & Co.; Ari Fried – Gornitzky & Co.; Chaim Friedland – Gornitzky & Co.; Lilach Shamir – Gornitzky & Co.; Danielle Skald – Gornitzky & Co.; Colin Diamond – White & Case; Myungkoo Kang – White & Case; Elliott Smith – White & Case; Chun Teng – White & Case; Kate Warrick – White & Case;

Law Firms: Gornitzky & Co.; White & Case;

Clients: Barclays Bank; Citigroup Inc.; Goldman Sachs; Kornit Digital;

Author: Ambrogio Visconti