Onex confirms plans to acquire survival business Survitec for $680 mln
Canadian private equity firm Onex Corp has agreed to buy Survitec Group, a U.K. safety and survival equipment maker, for US$680 million. Onex Partners IV will make an investment of approximately US$320 million for substantially all of the equity, with the remainder owned by Survitec's management. The transaction is expected to be completed in the first quarter of 2015. Update: The announcement by Onex confirms an earlier report by Reuters that Onex was in talks to acquire Survitec, which has its headquarters in Southampton, United Kingdom.
12 January 2015•3 mins read
