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Fort Capital acts as Financial Advisor to Polar Sapphire

Transaction Details

Fort Capital Partners is pleased to announce its role as financial advisor to Polar Sapphire.

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Ara Partners (“Ara”) today announced that it has closed a significant investment in Polar Sapphire (“Polar Sapphire” or the “Company”). The investment, which provides Polar Sapphire with immediate and future funding for its growth, will see Ara take a controlling stake in the Company.

Founded in Toronto in 2012, Polar Sapphire is a manufacturer of high-purity aluminum oxide (“alumina” or “HPA”) which is a key input for lithium-ion batteries and sapphire applications. The Company’s innovative production process focuses on top quality products at high yields, enabling customers to achieve greater value and lower total cost of ownership.

Ara Partners is a private equity firm that specializes in industrial decarbonization investments. Ara Partners invests in the industrial & manufacturing, chemicals & materials, energy efficiency & green fuels, and food & agriculture sectors, seeking to build businesses that are focused on sustainability and ESG principles.

Together, Ara Partners and Polar Sapphire will accelerate the Company’s expansion plans to meet end customer markets that are growing rapidly. Polar Sapphire is best positioned to capitalize on this opportunity using its proprietary manufacturing process to deliver an extremely high-quality product with significant carbon savings in manufacturing.

The investment in Polar Sapphire will facilitate the construction of the Company’s first large-scale commercial factory, with 1,000 tonnes per annum (tpa) capacity. In partnering with Ara Partners, Polar Sapphire looks to leverage Ara Partners’ wealth of experience in scaling manufacturing operations and building sustainable businesses.

Polar Sapphire previously received investment and financial contributions from Bioindustrial Innovation Canada, MaRS IAF, ArcTern Ventures, Sustainable Development Technology Canada, and other cleantech focused private investors. In addition, Polar Sapphire also received funding support from FedDev Ontario to expand its pilot production line in the Mississauga facility.