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Madison Capital Partners sells KraussMaffei Technologies to Onex
Jan 01, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- (c) 2001-2007 Datamonitor. All rights reserved. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.

US-based equity investment firm Madison Capital Partners has sold KraussMaffei Technologies GmbH, a Germany-based manufacturer of machinery for processing plastics, to Onex Corporation, a Canada-based private equity firm. The transaction is valued at EUR568 million.

KraussMaffei has approximately 4,000 employees and operates key manufacturing facilities in Germany, Switzerland, Slovakia and China. For the twelve months ended June 30, 2012, KraussMaffei generated approximately EUR1,000 million in revenues.

As part of the transaction, Onex Partners III, Onex' private equity fund, invested $353 million, of which Onex' share is approximately $89 million as a limited partner in the fund.

Announcement (September 26, 2012):

Madison Capital has agreed to sell KraussMaffei to Onex. The transaction is valued at EUR568 million.

As part of the transaction, Onex Partners III will make an equity investment of approximately $340 million, of which Onex' share is about $86 million as a limited partner in the fund.

Hengeler Mueller is acting as legal advisor to Madison Capital and RBC Capital Markets, LLC is acting as financial advisor to Onex. The transaction is anticipated to close by March 31, 2013.

Rumor (September 25, 2012):

According to Reuters, Madison Capital may sell KraussMaffei to Onex.

Deal Participants

Deal Rationale

The acquisition will allow Onex to strengthen its global presence.


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