Platinum Equity-backed KEMET Electronics (NYSE: KEM), a capacitor manufacturer, has agreed to acquire Niotan from Denham Capital Management for $85 million. KEMET will pay $30 million when the transaction closes and make additional deferred payments of an aggregate $45 million over a 30-month period following the closing, in addition to quarterly royalty payments that will total $10 million by the end of 2014. Niotan manufactures tantalum powder, a chemical commonly used to make capacitors for electronic devices.
