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CITIC Capital Japan Partners III completed its acquisition of the entire stake in Nippon Oil Pump Co., Ltd. on 4 December 2018. Nippon Oil Pump makes internal gear pumps for machine tools, construction vehicles and other end markets. Financial terms were not disclosed.
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.