Onex acquires KraussMaffei
On September 26, 2012, the Canadian private equity firm Onex Corporation (TSX: OCX) has agreed to acquire KraussMaffei Group, a leading manufacturer of plastic and rubber processing equipment, for EUR 568 million. The most important Swiss subsidiary is Netstal-Maschinen AG in Näfels (Glarus). The transaction is expected to close by March 31, 2013 subject to customary conditions and regulatory approvals.
Lenz & Staehelin advised Onex in this transaction and has conducted a legal due diligence review on the Swiss companies of the group. The team included Matthias Oertle, Marc-Philippe Prinz, Katrin Stefanicki as well as Andreas Lienha