31 03 2016AGIC Capital, ChemChina and Guoxin to acquire KraussMaffei Group for EUR 925 million
Asian-European private equity firm AGIC Capital as part of an investment consortium with ChemChina and Guoxin International Investment Corporation acquires the KraussMaffei Group from Onex Corporation for a cash enterprise value of EUR 925 million.
KraussMaffei Group is a leading global manufacturer of high-quality machinery and systems for producing and processing plastics and rubber. Continuing a long tradition of engineering excellence, the international KraussMaffei Group currently employs around 4,500 people. With a global network of more than 30 subsidiaries and more than 10 production plants, supported by around 570 sales and service partners, the company is close to customers around the world. KraussMaffei has been headquartered in Munich since 1838.
The transaction is expected to accelerate the growth of the Company considerably and is subject to closing conditions including certain customary regulatory approvals.
Jones Day advised AGIC Capital in the acquisition with a team led by partner Joelle Lau. Involved fees earner: Joelle Lau - Jones Day;
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