Onex through Onex Partners I made an initial minority investment in BrightSpring, formerly ResCare, in June 2004. Don't have an account? Funds managed by Paine & Partners, LLC (“Paine & Partners”), which acquired WireCo in 2007, will maintain a significant minority stake. Onex Corporation is an investment manager founded in 1984. The $270 million equity investment from Onex was used to reduce WireCo’s debt from approximately $835 million as of June 30, 2016 to approximately $600 million. Commercial Vehicle Group. Onex Partners IV invested US$270 million to acquire a majority interest in the company. The investment follows a commitment by GIC earlier in 2017 to Incline Aviation (“Incline”), the aircraft leasing industry’s largest institutional fund, managed by BBAM. International Language Academy of Canada is a leading private English language school in Canada with campuses in Toronto and Vancouver. Onex completes $270 mln majority investment in WireCo, How portfolio companies are adapting to covid-19. Emerald Expositions is a leading operator of large business-to-business trade shows in the United States across 10 end markets. Onex is one of the oldest and most successful private equity firms. CSI Global Education. In June 2004, Onex Partners I made an initial minority investment in BrightSpring (formerly ResCare) and in November 2010, Onex Partners III invested additional capital to acquire a majority stake in a take-private transaction. As a result, annual interest expense is reduced by nearly $25 million. Onex's asset value, by the way, which is deemed to be in the vicinity of $23 to $24 a share, also includes around $5 a share of private investments. About Onex. Toronto and Newmarket, Ontario, November 7, 2018 – ONCAP today announced it has made a significant minority investment to partner with Wyse Meter Solutions Inc. (“Wyse”) and its management team. During Onex' investment period, Tecta was a leading national commercial roofing company offering installation, replacement and repair services. At Onex Partners, we principally target investment opportunities in the United States, Canada and Europe that require $200 million or more of initial equity capital. Investment Date January 2006 - November 2010. PowerSchool provides best-in-class, secure and compliant online education solutions, which include the industry’s leading student information system and school finance, HR and payroll solutions. During Onex' investment period, WIS International was Canada’s largest inventory verification company. All amounts in U.S. dollars unless otherwise stated ... | December 28, 2020 PRAIRIE VILLAGE, Kansas – June 27th, 2016 – WireCo WorldGroup (“WireCo”) today announced that an affiliate of Onex Corporation (TSX: OCX) (“Onex”) is making an equity investment for a majority interest in WireCo. Click Wyse Meter Solutions is a leading provider of innovative submetering and utility expense management solutions for the multi-residential, condominium and commercial markets in Canada. Advanced Integration Technology (AIT), is a leading provider of automation, factory integration and tooling dedicated to the global aerospace, defence and space launch industries. Onex’ private equity investing has generated an average gross multiple of capital invested of 2.5 times and a 27% gross IRR on realized, substantially realized and publicly traded investments. GIC to Invest in BBAM Through Acquisition of Significant Minority Interest. During Onex' investment period, CSI Global Education was Canada's leader in financial education and testing services. Only logged in subscribers of this site will be able to access the shared article. Wyse is a leading provider of innovative submetering and utility expense management solutions for the multi-residential, condominium and commercial markets in Canada. Private equity has grown in popularity amongst long-term investors because returns to investors have consistently outperformed underlying public markets. Click here. During Onex' investment period, Canadian Securities Registration Systems was the only provider of Personal Property Security Act registration and search services across Canada. Not the case? The investment will be made by Onex Partners V, Onex’ US $7.2 billion fund. When Onex was founded in 1984, the private equity industry was in its infancy. During Onex' investment period, Compagnie Générale de Géophysique was a leading global supplier of applied reservoir solutions, geophysical services and products to the oil and gas industry. All rights reserved. Onex’ portion of the equity investment as a Limited Partner in the Fund is $124 million. Ryan is a leading global tax services and software provider. A link has been emailed to you - check your inbox. La fiabilité et la performance de ses productions, ont permis à Onex de gagner la confiance de ses clients sur l’ensemble du territoire national et international. sgsco is a global leader in providing marketing solutions, digital imaging and design-to-print graphic services to branded consumer products companies, retailers and the printers that service them. ONCAP. At that time Onex didn’t buy all the shares of JELD-WEN leaving a minority stake with employees and family members of the founder. ONCAP has made a significant minority investment to partner with Newmarket-based Wyse Meter Solutions Inc. and its management team. here to register, Not for publication, email or dissemination, PE dealmaking in 2021: Vaccine cheer, travel and diligence tools in focus, Accel-KKR to make 10x on sale of Insurance Technologies, Buildertrend snags funding from Bain Capital Tech Opportunities and HGGC, Quad-C sells stake in life sciences packaging company Inmark, Centre Lane sells GP stake to Investcorp, More U.S. GPs move to Euro-style waterfalls, New Mountain unloads Sparta Systems in $1.3bn deal, GTCR’s Cedar Gate Technologies remains hungry for more growth, Investing behind infrastructure: Clearlake’s Janus unveils $1.9bn SPAC merger, Sun Capital-spinout Lincoln Road Global Management launches Landmark Paving. Eastern Standard Time (EST) - Virtual Event, Get limited access to our industry news, analysis and data, plus regular email updates. Please check your spam or junk folder just in case Throughout our history, Onex has owned a diverse portfolio of operating companies spanning a wide range of industry sectors. Funds managed by Paine & Partners, LLC will retain a minority interest alongside WireCo management. The rest of Onex’s investment (US$182 million) came from its role as a co-investor. March 29, 2019 TowerBrook Capital Partners L.P. (“TowerBrook”) is pleased to announce that it has acquired a minority interest in GBA Group (“GBA” or “the Company”), a provider of end-to-end vehicle logistics services to the global automotive and shipping industries. Clarivate Analytics is an owner and operator of a collection of leading subscription-based businesses focused on scientific and academic research, patent analytics and regulatory standards, pharmaceutical and biotech intelligence, trademark protection and domain brand protection. This will enable shareholders to comfortably invest in the company while avoid getting trapped in a sustained sell-off that is often observed in stocks with this level of institutional participation. ©ONEX Corporation, 2020. Celestica is a global provider of electronics manufacturing services. Following the transaction, all three parties will assume minority joint ownership of the company. During Onex' investment period, CMC Electronics Holdings was a world-class leader in the design, manufacture, sale and support of high-technology electronic products and systems for the military and commercial aviation markets. it's been delivered there. We have just sent you an email so you can verify your account. In total, the Onex Group invested $204 million, of which Onex’ portion was $41 million. The Investor Relations website contains information about ONEX Corporation's business for stockholders, potential investors, and financial analysts. Our Track Record We invest and manage shareholder capital and that of investors from around the world, including public and private pension funds, sovereign wealth funds, insurance companies and family offices. During Onex' investment period, Radian Communication Services was the leading North American provider of wireless communications infrastructure and integrated network solutions. Pinnacle Renewable Energy is the longest-established wood pellet producer in Western Canada. Investment Date October 1997 - August 2004. Onex Partners funds currently own 98% of the company but with 100% voting control. The Investor Relations website contains information about ONEX Corporation's business for stockholders, potential investors, and financial analysts. Register now to read this article and more for free. The fund owns 83 per cent of the company, of which Onex’s share is 21 per cent. During Onex' investment period, Survitec Group was a market-leading provider of mission-critical marine, defence and aerospace survival equipment. Please confirm you would like to remove this article from your saved articles. During Onex' investment period, Compagnie Générale de Géophysique was a leading global supplier of applied reservoir solutions, geophysical services and products to the oil and gas industry. During Onex' investment period, EnSource Energy Services was a global provider of natural gas compression and power generation equipment and services. In June 2004, Onex Partners I made an initial minority investment in BrightSpring (formerly ResCare) and in November 2010, Onex Partners III invested additional capital … Onex is buying OneDigital from private-equity firm New Mountain Capital LLC, which acquired the business in 2017 for US$560-million. During Onex' investment period, Armtec Limited was a leading provider of steel and high-density polyethylene products and engineered solutions for the Canadian civil engineering industry. Canadian private equity firm Onex Corporation has agreed to acquire London-based specialist health and social care staffing provider Independent Clinical Services Group (ICS) in partnership with the existing management team from TowerBrook Capital Partners LP. Singapore, San Francisco and Toronto, September 5, 2017 – GIC, Singapore’s sovereign wealth fund, today announced it has, through its affiliates, agreed to acquire a c. 30% interest in BBAM, the world’s largest manager of investments in leased commercial jet aircraft. You should only be asked to sign in once. PRAIRIE VILLAGE, Kan., June 27, 2016 /PRNewswire/ -- WireCo WorldGroup today announced that an affiliate of Onex Corporation is making an equity investment for a majority interest in... | October 8, 2020 shareholders, BBAM’s management team and the Onex Group. March 25 Onex Partners is our private equity platform focused on larger investment opportunities. TORONTO, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) and its affiliated funds (the “Onex Group”) today announced it has completed a majority investment … OneX USA is proud to be taking another step toward helping the motorcycle racing community and are now partnering with WERA Motorcycle Roadracing as a … In November 2010, Onex Partners III together with Onex Partners I acquired a majority stake in a take-private transaction valued at US $380 million (all figures in US dollars). The transaction is expected to close later this year. Onex est spécialisée dans la conception et la fabrication d’appareils chaudronnés et d’unités skidées pour des secteurs d’activités variés. KidsFoundation is a leading provider of childcare services in the Netherlands. ONEX’s considerably high level of institutional ownership calls for further analysis into its margin of safety. Wyse is a leading provider of innovative submetering and utility expense management solutions for the multi-residential, condominium and commercial markets in Canada. TowerBrook announces investment in GBA Group. As of September 30, 2020, Onex had approximately US$36.6 billion of assets under management. During Onex' investment period, Commercial Vehicle Group was a manufacturer and … Financial terms were not disclosed. In June 2004, Onex made an initial minority investment in BrightSpring (formerly ResCare) through Onex Partners I and, in November 2010, invested additional capital through Onex Partners III to acquire a majority stake in a take-private transaction. GIC Takes Minority Stake in Onex-Backed BBAM Sept. 5, 2017 1:57 pm ET Singapore sovereign-wealth fund GIC Pte. Redirecting to ONEX Corporation Corporate Site. Enertech is a leading provider of wireless infrastructure services to telecommunications carriers and tower owners throughout the Southern, Central and Pacific Northwest regions of the United States. EnGlobe Corporation is the leading Quebec-based provider of integrated environmental and technical services and one of the leading firms in Canada and internationally. Onex Corporation (TSX: ONEX) has agreed to acquire Independent Clinical Services Group Ltd. (ICS) in partnership with the existing management team from TowerBrook Capital Partners LP which will retain a minority stake. 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