Onex completes acquisition of British survival company Survitec
Canadian private equity firm Onex Corp has completed its previously announced acquisition of Survitec Group Ltd for £450 million (US$673 million). Based in Southampton, United Kingdom, Survitec is a specialist in marine, defence and aerospace survival equipment. Onex said its flagship partnership, Onex Partners IV, made an investment of approximately US$335 million in deal, which was done in partnership with Survitec's management team. The company was previously owned by U.S. private equity firm Warburg Pincus.
12 March 2015•2 mins read
