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PI Physik Instrumente - Fast Steering LB LW 11/24

IPG Photonics Nets More than $100 Million in Investment and Financing

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STURBRIDGE, Mass., Sept. 20 -- IPG Photonics Corp. accumulated $80 million during its round of venture capital financing. With its $20 million in debt financing, the company's total amount of funding soared to more than $100 million. Some of the major investors included TA Associates, Merrill Lynch, Robertson Stephens, Winston Partners and the SOG Fund. Deutsche Bank led the funding for IPG Photonics' German subsidiary in association with WestLB. IPG Photonics and First Mass Bank had agreed upon an initial debt-funding package for the construction of its global headquarters in...Read full article

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    Published: September 2000
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