Onex completes sale of KraussMaffei Group

May 02
16:46 2016

Canadian private equity firm Onex Corp have completed the sale of KraussMaffei Group to China National Chemical Corporation for a cash enterprise value of EUR925 million ($1.0 billion).

The Onex Group acquired KraussMaffei Group in December 2012 with an investment of $358 million and has received proceeds of $747 million. This results in a gross multiple of invested capital of 2.1 times and a 24% gross rate of return. Onex’s portion of the proceeds is $192 million, including carried interest of $11 million.

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