Niobrara Capital and Prysm Capital Acquire Polar Semiconductor

Ara Partners Acquires Controlling Stake in Polar Sapphire

January 7, 2021

Manufacturing

Ara Partners, an industrial decarbonization-focused private equity firm, closed a controlling investment in Polar Sapphire to fund the company's growth and the construction of its first large-scale commercial high-purity alumina (HPA) factory. Polar Sapphire, founded in Toronto, manufactures HPA used in lithium-ion batteries, semiconductors and sapphire applications and will leverage Ara Partners' experience to scale manufacturing and expand capacity to meet rapidly growing end markets.

Bain Capital Special Situations Takes ~20% Stake in IMS Nanofabrication from Intel

June 21, 2023

Manufacturing

Bain Capital Special Situations agreed to acquire an approximately 20% minority stake in IMS Nanofabrication GmbH from Intel in a deal that values IMS at about $4.3 billion. The investment (expected to close in Q3 2023) will leave IMS operating as a standalone subsidiary led by CEO Dr. Elmar Platzgummer and is intended to accelerate the company's technology innovation and market expansion in multi-beam mask writing for advanced semiconductor nodes.

Revolution Acquires Polar Plastics from Spell Capital Partners

October 23, 2020

Packaging

Revolution, a Little Rock-based manufacturer of sustainable plastic solutions, acquired Polar Plastics Corporation from Spell Capital Partners to expand its production footprint and deepen penetration into packaging, agriculture and retail end markets. Polar Plastics is headquartered in St. Paul, Minnesota and operates a 100,000-square-foot polyethylene film and bag manufacturing facility; Spell Capital had owned the business since 2018.

Polymatech Electronics Acquires Nisene Technology Group Inc.

August 5, 2024

Manufacturing

Polymatech Electronics, via its Singapore subsidiary Artificial Electronics Intelligent Materials Pte Ltd., has acquired Nisene Technology Group Inc., a 50-year-old California-based semiconductor company known for IC design and decapsulation equipment. The deal strengthens Polymatech's semiconductor capabilities by combining Nisene's silicon and silicon carbide expertise with Polymatech's sapphire-wafer technologies to develop multi-wafer semiconductor products and advanced chip fabrication/testing devices.

Peak Nanosystems Acquires PolymerPlus

April 14, 2020

Manufacturing

Peak Nanosystems has acquired Cleveland-based PolymerPlus, a polymer technology development company specializing in nanolayered polymer films for optics and high-temperature film capacitors; terms were not disclosed. A $25 million investment from Squadron Capital funded the acquisition, which includes exclusive technology licenses from Case Western Reserve University and brings PolymerPlus co-founder Michael Ponting into Peak as Chief Science Officer to support expanded manufacturing and product launches.

Pure Wafer Acquires Noel Technologies (Edgewater Capital Portfolio Add-on)

November 23, 2021

Manufacturing

Pure Wafer, a portfolio company of Edgewater Capital Partners, has acquired Silicon Valley-based Noel Technologies, a process development and fabrication services provider for the semiconductor industry. Patriot Capital provided subordinated debt to support the add-on acquisition, which expands Pure Wafer's process capabilities and product portfolio in thin films, lithography engineering and other specialty wafer services.