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Onex Corporation

Canadian investment company

Summary

Canadian investment company

Field	Value
logo	Onex Corporation.svg
name	Onex Corporation
type	Public
traded_as
foundation
location	Toronto, Canada
industry	Private equity
products	Private equity funds, investment vehicles, equity and debt strategies
aum	CA$50 billion (September 30, 2024)
num_employees	536
key_people	Robert Le Blanc (CEO)
founder	Gerry Schwartz
homepage

Onex Corporation is a Canadian investment management firm founded by Gerry Schwartz in 1984. In September 2024, it had $50 billion dollars under management.

History

Schwartz founded Onex in 1984 and took the company public in 1987.

In June 2007, General Motors sold Allison Transmission to financial investors Carlyle Group and Onex Corporation.

In 2010, Onex and the Canada Pension Plan acquired English engineering firm Tomkins, though Onex only held 14% of shares.

At the end of 2017, Onex acquired SMG. The company was sold off in 2019 to merge with AEG Facilities to form ASM Global.

In 2019, Onex acquired Gluskin Sheff, a Toronto-based wealth management firm.

In December 2019, Onex purchased Canada's second-largest airline WestJet for billion (equivalent to $ billion in ).

In May 2020, Onex blamed a first-quarter net loss of $1.1 billion US dollars on the COVID-19 pandemic.

Private equity investments

Onex has a wide portfolio of current and realized investments.

References

(2014-06-26). "Canada's very own private-equity giant Onex quietly tops returns of big-name U.S. rivals". Financial Post.
Mustoe, Howard. (2010-07-27). "Onex, Canada Pension to Buy Tomkins for $4.5 Billion". Bloomberg.com.
Chapple, Jon. (2017-12-11). "SMG sold to PE firm Onex Corporation".
(2019-03-25). "Onex to buy wealth manager Gluskin Sheff in $445 million deal {{!}} Financial Post".
Vandaelle, Ian. (22 March 2019). "Onex snaps up wealth manager Gluskin Sheff in $445M deal".
(December 12, 2019). "Gerald Schwartz controlled Onex closes $5B acquisition of WestJet".
"Onex reports US$1.1B Q1 loss on COVID-19 disruption". BNN Bloomberg.
"Portfolio of Investments".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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