Niobrara Capital and Prysm Capital acquired Polar Semiconductor from majority owners Sanken Electric Co. and Allegro MicroSystems (Nasdaq: ALGM) in a $175 million transaction. Niobrara’s founder, veteran technology investor and One Equity Partners alumni Chip Schorr negotiated a significant public investment in Polar alongside the deal through federal and state grants. The deal is New York-based Niobrara’s debut private equity investment.
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