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Ara Partners, e-VAC Magnetics secure USD 335 million to produce, supply permanent magnets to GM

On September 5, private equity firm Ara Partners announced the successful closing of a USD 335 million non-recourse financing of a first-of-its-kind U.S. permanent magnet manufacturing facility.
This transaction, undertaken by Ara Partners and its portfolio company, Vacuumschmelze GmbH & Co. KG, marks a vital step in....

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