Platinum closes $4.9 bln buy of Husky from OMERS, Berkshire

U.S. private equity firm Platinum Equity has wrapped up its acquisition of Husky IMS International Ltd, a Bolton, Ontario-based supplier of injection molding equipment and services to the global plastics industry. The deal, announced in December, is valued at approximately $4.95 billion (US$3.85 billion). Husky was sold to Platinum by OMERS Private Equity and Berkshire Partners, which bought the company in 2011 from Onex Corp for US$2.1 billion. As reported by Buyouts and PE Hub Canada, the Husky exit contributed to OMERS Private Equity achieving a net return of 18.2 percent from its direct investments in 2017.

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