# Citic Capital agrees to buy French packaging firm Axilone from Oaktree

Citic Capital agreed to buy French packaging company Axilone from Oaktree Capital Management, announced on November 6, 2017. Banks have lined up about €420m of leveraged loans to finance the buyout, with Axilone's EBITDA around €55m.

- Type: Acquisition
- Announced: 2017-11-06
- Where: France
- Status: announced
- Products: packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Citic Capital](https://endata.com/companies/2337.md) (acquirer)
- [Axilone](https://endata.com/companies/2338.md) (target)
- [Oaktree Capital Management](https://endata.com/companies/2339.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/article/markets/lpc-banks-prepare-400m-loans-for-citics-axilone-buy-idUSL5N1ND7I8/), 2017-11-07: "Citic agreed to buy the company from Oaktree Capital Management, it was announced on November 6."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.