Ara closes financing for US magnet manufacturing

In:

Manufacturing & equipment

Region:

Americas

Private equity firm Ara Partners has closed a $335 million non-recourse financing for a first-of-its-kind US permanent magnet manufacturing facility.The project will be undertaken by Ara Partners and its portfolio company Vacuumschmelze (VAC), which it acquired via its $2.8 billion Ara Fund III. The...

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