Onex Inks $736M Deal For Machinery Maker KrausMaffei

Law360, New York (September 26, 2012, 12:02 PM EDT) -- Onex Corp. will pay €568 million (US$736 million) for German machinery manufacturer KrausMaffei AG, the Canadian investment group said Wednesday, marking the first European-based investment for its flagship private equity fund.

The announcement comes a day after murmurs that the two were nearing an agreement. In taking over KrausMaffei, Onex adds to its portfolio a leader in the design and manufacturing of plastics- and rubber-processing machinery with a global footprint. For last year, KrausMaffei reported €1 billion in revenue.

To back the buy, Onex's $4.3 billion...
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