Hengeler Mueller advises Onex on sale of KraussMaffei Group
11. January 2016
Funds managed by Onex Corporation have sold their stake in KraussMaffei Group to a subsidiary of China National Chemical Corporation. The transaction value amounts to approximately EUR 1 bn. The transaction is subject to customary conditions and regulatory approvals.
Onex Corporation is a private equity company based in Toronto (Canada). KraussMaffei Group is a worldwide supplier of machinery and systems for producing and processing plastics and rubber with headquarters in Munich.
Hengeler Mueller has advised Onex Corporation on this transaction together with Chinese law firm Fangda Partners. The Hengeler Mueller team was led by partners Thomas Meurer and Reinhold Ernst (both Corporate/M&A, Düsseldorf) and included partners Christoph Stadler (Merger Control, Düsseldorf), Matthias Scheifele (Tax), Hendrik Bockenheimer (Employment) (both Frankfurt), Vera Jungkind (Regulatory) und Counsel Patrick H. Wilkening (IP, both Düsseldorf) as well as associates Andreas Lischka, Ute König, Gianna Carolin Velte (all Corporate/M&A, Düsseldorf), Anja Balitzki, Dimitrios Linardatos (both Merger Control, Düsseldorf), Christian Häußer (Employment) and Martin Mohr (Tax, both Frankfurt).
Back in 2012, a Hengeler Mueller team led by partners Thomas Meurer and Reinhold Ernst provided legal advice on the sale of KraussMaffei Group to Onex by Madison Capital Partners.