Investment Summary

Anzu Partners and Western Digital Invest In Niron Magnetics

On December 27, 2016, growth capital firm Anzu Partners and Western Digital invested in metals/mining company Niron Magnetics

Investment Highlights
  • This is Anzu Partners’ 1st and Western Digital’s 1st transaction in the Metals/Mining sector.
  • This is Anzu Partners’ 3rd and Western Digital’s 11th transaction in the United States.
  • This is Anzu Partners’ 1st and Western Digital’s 1st transaction in Minnesota.

Investment Summary
Date 2016-12-27
Target Niron Magnetics
Sector Metals/Mining
Investor(s) Anzu Partners
Western Digital
Deal Type Venture

Target

Niron Magnetics

Minneapolis, Minnesota, United States
Niron Magnetics is a developer of the manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron’s proprietary Clean Earth Magnet technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets and will enable a revolution in the design of new electric motors and generators. Niron Magnetics was founded in 2014 and is based in Minneapolis, Minnesota.

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Investor(S) 2

Investor

Anzu Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anzu Partners is a venture capital and private equity firm that looks to develop and commercialize technological advancements in manufacturing, materials, monitoring/measurement, and modeling. This includes 3D printing, robotics, nanotechnology, composites, sensors, AI, and analytics. Anzu Partners was formed in 2014 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 4 of 35
Sector (Metals/Mining) 1 of 1
Type (Venture) 4 of 32
State (Minnesota) 1 of 1
Country (United States) 3 of 29
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 OTI Lumionics

Toronto, Ontario, Canada

OTI Lumionics engages in making advanced OLED technology accessible to innovative new product applications. OTI Lumionics was founded in 2011 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Adaptive Surface Technologies

Hopkinton, Massachusetts, United States

Adaptive Surface Technologies is an industrial technology company that produces additives and coatings that repel fluids, contaminants, ice, and biological fouling. Their products can be used for a wide range of consumer, industrial, marine, and medical applications. Adaptive Surface Technologies is based in Hopkinton, Massachusetts.

Buy -
Investor

Western Digital

San Jose, California, United States
Category Company
Founded 1970
Sector Technology Hardware
Employees53,000
Revenue 12.3B USD (2023)
DESCRIPTION
Western Digital's corporate headquarters in Irvine, California.
Western Digital's corporate headquarters in Irvine, California.

Western Digital is a developer and manufacturer of storage products that enable people to create, manage, experience and preserve digital content. The Company designs and makes storage devices, networking equipment and home entertainment products under the WD, HGST and G-Technology brands. Western Digital was formed in 1970 and is based in San Jose, California.

DEAL STATS #
Overall 12 of 15
Sector (Metals/Mining) 1 of 1
Type (Venture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 11 of 14
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 SanDisk

Milpitas, California, United States

SanDisk Corporation is an American multinational corporation that designs, develops and manufactures flash memory storage solutions and software.

Buy $19.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 Upthere

Redwood City, California, United States

Upthere, Inc. is a cloud services company that is providing a new and better way to keep, find and share what’s important and meaningful to consumers. Upthere is based in Redwood City, California.

Buy -
Mergr

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