Onex, the Canadian private equity firm which last month was among the backers of Raytheon's business jet unit, has acquired a $2.55bn (€2bn) digital imaging company from Kodak. Credit Suisse advised Onex and provided financing for the deal.

Onex won the auction to buy the digital imaging unit from photography company Eastman Kodak, which wants to focus its business on cameras, digital film, printers and other consumer products. Kodak will use part of the proceeds to pay down about $1.15bn in debt.