Large equity firm purchases South Dakota Mines company

RAPID CITY, S.D. (KOTA) – For the first time since the 90s, a company created by South Dakota Mines staff and students was bought out. This time by a subsidiary of one of the largest private equity firms in the world.

Gamma Biosciences, created by KKR, announced Monday that they are acquiring Nanopareil.

The company was started at the college, and although Gamma Biosciences is in California, the Nanopareil will continue its work in Rapid City.

Nanopareil was started back in 2006 and is an advanced materials company that works with nanofibers.