Kornit Digital Bundle
Who Really Owns Kornit Digital?
Ever wondered who's truly steering the ship at Kornit Digital, a leader in textile printing? Understanding the Kornit Digital SWOT Analysis is crucial for making informed decisions. This company, which went public in April 2015, has a fascinating ownership story that impacts its future. Let's explore the key players and how their influence shapes Kornit Digital's journey.
Kornit Digital, a publicly traded Kornit Digital company, with its roots in Israel, has rapidly expanded its global footprint. Knowing the Kornit Digital financial reports and the Kornit Digital stock performance is essential for investors. From its initial founders to today's institutional investors, the Kornit Digital company profile reveals a dynamic ownership structure that is key to understanding its strategic moves and market position. Uncover the Kornit Digital leadership team and the impact of its Kornit Digital products.
Who Founded Kornit Digital?
The story of Kornit Digital begins in 2002. The company was brought to life by Guy Zimmerman and Ofer Ben-Zur. They were joined by a team with experience in digital printing, including backgrounds at companies like Scitex and Hewlett-Packard.
Ofer Ben-Zur played a key role in the company's early years. He served as CEO from its founding until April 2014. He also held the position of Chief Technology Officer until July 2016. Information about the exact initial ownership percentages of the founders isn't available in public records.
Early on, Kornit Digital's trajectory was significantly shaped by an acquisition and restructuring. This was led by Fortissimo Capital, a private equity fund established in 2004. Fortissimo Capital became the controlling shareholder.
Early Leadership
Ofer Ben-Zur was the CEO from the beginning until April 2014. He also served as CTO until July 2016.
Fortissimo Capital's Role
Fortissimo Capital, a private equity fund, acquired a significant stake in Kornit Digital early on. This investment was crucial for the company's development.
Ownership Before IPO
Before the IPO, Fortissimo Capital held a controlling share. They owned 69.6% of Kornit Digital's share capital.
Initial Investment
Fortissimo Capital's investment was approximately $16 million. This investment helped shape the company's future.
Founding Team's Background
The founders and early team had experience in digital printing. They came from companies like Scitex and Hewlett-Packard.
IPO Impact
The IPO marked a significant shift in Kornit Digital ownership. It allowed the company to raise capital and expand its operations.
The early history of Kornit Digital, including its Kornit Digital ownership structure, highlights the importance of strategic investments and leadership. The company's journey from its founding to its initial public offering (IPO) showcases how early decisions can influence its long-term success. For more details on the company's financial model, you can also explore the Revenue Streams & Business Model of Kornit Digital.
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How Has Kornit Digital’s Ownership Changed Over Time?
The evolution of Kornit Digital's ownership structure has been marked by significant shifts since its initial public offering (IPO) in April 2015. The IPO, which took place on the NASDAQ, saw the company raise $71 million at $10 per share, establishing an initial company value of $288 million. This event was a pivotal moment, transitioning the company from private to public ownership and setting the stage for subsequent changes in its shareholder base.
Post-IPO, the ownership landscape of Kornit Digital has diversified considerably. Institutional investors now hold a substantial majority of the shares. This shift reflects the company's growth and the increasing interest from various investment entities. The transition also indicates a move away from the control of private equity towards a more distributed public ownership structure, with individual and institutional investors playing key roles.
| Ownership Category | Percentage (April 2025) | Shareholders |
|---|---|---|
| Institutional Investors | 84.81% | Senvest Management, LLC, Chicago Capital, LLC, Artisan Partners Limited Partnership, Morgan Stanley Investment Management, Inc., etc. |
| Public Shareholders | 14.91% | Individual investors |
| Individual Insiders | 1.28% | Company insiders |
Major institutional shareholders, as of June 2025, include Senvest Management, LLC with 8.426% (4,022,066 shares), Chicago Capital, LLC with 6.505% (3,105,206 shares), Artisan Partners Limited Partnership with 6.228% (2,972,823 shares), and Morgan Stanley Investment Management, Inc. with 5.88% (2,806,787 shares). Furthermore, the former controlling shareholder, Fortissimo Capital, gradually divested its holdings after the IPO, selling part of its stake for $90 million in January 2017 and completing its exit by December 2018. For more insights, consider exploring the Growth Strategy of Kornit Digital.
Key Ownership Highlights
The ownership structure of Kornit Digital has evolved significantly since its IPO in April 2015.
- Institutional investors hold approximately 84.81% of the shares as of April 2025.
- Fortissimo Capital, the former controlling shareholder, completed its exit by December 2018.
- Mutual funds saw a slight decrease in holdings from 49.74% to 49.52% in May 2025.
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Who Sits on Kornit Digital’s Board?
As of April 2025, the leadership of Kornit Digital includes key figures steering the company. Ronen Samuel is the Chief Executive Officer, with Guy Avidan as Chief Financial Officer, and Kobi Mann as Chief Technology Officer. Ronen Samuel also holds a position on the Board of Directors, having joined in August 2019.
The Board of Directors of Kornit Digital comprises individuals with diverse backgrounds. Yuval Cohen, the Chairman since August 2011, is the founding and managing partner of Fortissimo Capital, previously the company's controlling shareholder. Ofer Ben-Zur, a co-founder, has been a director since 2002. Gabi Seligsohn, who served as CEO from April 2014 to July 2018 and led the IPO, has been a board member since March 2015. Other board members include Stephen Nigro and Dov Ofer.
| Board Member | Title | Role |
|---|---|---|
| Ronen Samuel | CEO | Director |
| Yuval Cohen | Chairman | Director |
| Ofer Ben-Zur | Director | Director |
| Gabi Seligsohn | Director | Director |
| Stephen Nigro | Director | Director |
| Dov Ofer | Director | Director |
Kornit Digital operates under a 'one share one vote' principle, ensuring that shareholders' economic exposure aligns with their voting power. The company also maintains a majority independent board, designed to enhance oversight of management. In a recent change, effective January 1, 2025, Yehoshua (Shuki) Nir resigned from the Board, with Gabi Seligsohn taking his place on the compensation committee and Dov Ofer becoming chairman of the compensation committee. Stephen Nigro also replaced Mr. Nir on the audit committee. For insights into the potential customer base, consider exploring the Target Market of Kornit Digital.
Key Takeaways on Kornit Digital's Leadership
The Board of Directors includes members with significant experience. The 'one share one vote' system ensures fair voting rights. Recent changes reflect ongoing adjustments in board composition and committee assignments.
- Ronen Samuel is the current CEO.
- Yuval Cohen serves as the Chairman of the Board.
- The company prioritizes an independent board for oversight.
- Changes in committees were effective January 1, 2025.
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What Recent Changes Have Shaped Kornit Digital’s Ownership Landscape?
Over the past few years, the ownership structure of Kornit Digital has seen notable shifts. The company has been actively involved in share repurchases, which influences the distribution of ownership among existing shareholders. In September 2024, a share repurchase program was initiated, authorizing up to $100 million of ordinary shares, following $65 million in buybacks since 2023. By 2024, Kornit Digital had spent $84.1 million on share repurchases, bringing the total gross amount used since 2023 to $121.6 million at an average execution price of $24.40. A $75 million accelerated share repurchase program was entered into in Q4 2024.
Institutional investors continue to hold a significant portion of Kornit Digital stock. As of June 6, 2025, 217 institutional owners held a combined total of 51,789,141 shares. There have been movements among these institutional investors; some have increased their holdings while others have decreased theirs. For example, HOOD RIVER CAPITAL MANAGEMENT LLC added 747,077 shares in Q3 2024, and BLACKROCK, INC. added 586,725 shares in Q1 2025. Conversely, ALYESKA INVESTMENT GROUP, L.P. and HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. reduced their stakes in Q3 2024 and Q1 2025, respectively.
| Metric | Details | Data |
|---|---|---|
| Share Repurchase Program | Authorized Amount | Up to $100 million |
| Total Buybacks Since 2023 | Gross Amount | $121.6 million |
| Average Execution Price | $24.40 | |
| 3-Year Share Buyback Ratio (March 2025) | 2.50% | |
| Institutional Owners (June 6, 2025) | Number | 217 |
| Institutional Shares Held (June 6, 2025) | Total | 51,789,141 |
Leadership changes also play a role in the company's strategic direction. Ronen Samuel was appointed as CEO in 2023. Furthermore, the company is expanding its market presence through strategic partnerships, such as the one with MAS Holdings in May 2025. To learn more about the company's origins, you can read Brief History of Kornit Digital.
Kornit Digital Ownership Trends
Kornit Digital has been actively repurchasing shares, impacting the ownership distribution. The company initiated a share repurchase program in September 2024, authorizing up to $100 million of its ordinary shares.
Institutional Ownership
Institutional investors hold a significant portion of Kornit Digital stock. As of June 6, 2025, 217 institutional owners held a total of 51,789,141 shares.
Leadership and Strategy
Leadership changes, such as the appointment of Ronen Samuel as CEO in 2023, indicate strategic shifts. The company is also expanding its market presence through partnerships.
Market Presence
Strategic partnerships, like the one with MAS Holdings in May 2025, aim to enhance sustainable, on-demand fashion production, contributing to Kornit Digital's market position.
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