Onex Corp. is leading a $718-million deal to acquire a 4,000employee German manufacturing company, the first European investment for the Toronto-based company's flagship private equity fund. KraussMaffei AG, a manufacturer of plastic and rubber processing equipment, is based in Munich, and operates key manufacturing facilities in Germany, Switzerland, Slovakia and China. Onex Partners III will make an equity investment of $340 million. Onex manages the fund on behalf of itself and other investors. The company's own share of the equity investment will be about $86 million. The rest of the transaction, valued at $568 million, will be funded with debt financing.
