Onex to Purchase KraussMaffei

Onex Corporation is to acquire Munich, Germany-bssed KraussMaffei AG, a manufacturer of plastic and rubber processing equipment, for 568 million euros ($731.5 million). Onex Partners III, Onex’ $4.7 billion flagship private equity fund, will make an equity investment of approximately $340 million, of which Onex’ share is about $86 million as a Limited Partner in the Fund.

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