Ara Partners Acquires Vacuumschmelze
October 10, 2023
Ara Partners, a private equity firm focused on industrial decarbonization, has acquired Vacuumschmelze (VAC), a leading global producer of advanced magnetic materials and rare-earth permanent magnets, from funds managed by Apollo. The deal will support VAC's expansion of manufacturing capabilities — including planned North American capacity for EV-grade permanent magnets — to serve automotive, renewable energy and industrial customers.
- Buyers
- Ara Partners
- Targets
- Vacuumschmelze
- Sellers
- Funds managed by Apollo
- Industry
- Manufacturing
- Location
- Hesse, Germany
- Transaction Type
- Buyout
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