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Brunswick Group handles Denver's Energy Fuels, uranium and rare earths miner, as it acquires a German magnet company from private equity firm Ara Partners in a deal valued at $1.9B.
Vacuumschmelze (VAC) produces magnets in Europe, the US and Asia.
The Financial Times reports the deal is part of America’s drive to reduce dependency on China for rare earths and the magnets that go into automotive, aerospace, defense, data centers, robotics and semiconductors.
Ross Bhappu, CEO of Denver-based Energy Fuels, said the deal is a “transformational moment” for his company and one that will result in a “reliable, secure and diversified source of critical materials from mines to highly valued permanent magnets.”
“Joining forces with Energy Fuels gives our team, our technology, and our customers something that no other Western platform can offer today: a fully integrated supply chain platform from mine to finished magnet,” added VAC CEO Erik Eschen,
Energy Fuels has a commitment for an up to $725M, 20-year loan from the U.S. Office of Strategic Capital to accelerate the planned expansion of the White Mesa Mill in Utah and the construction of the American Metals Plant.
VAC has a $41 million grant from the Dept. of Defense for the buildout of a metal-making facility in the US.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
