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Onex

#2485

Rank

$5.68B

Marketcap

CA Canada

Country

Onex
Leadership team

Mr. Gerald Wilfred Schwartz O.C. (Founder, Chairman & CEO)

Mr. Ewout R. Heersink (Vice Chairman)

Mr. Robert M. Le Blanc (Pres)

Products/ Services
Angel Investment, Finance, Venture Capital
Headquarters
Toronto, Ontario, Canada
Established
1984
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
ONEX.TO
Social Media
Overview
Location
Summary
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up. The firm seeks to invest in technology, electronics manufacturing services, industrial, aerospace, healthcare, retail, restaurants, industrials products, customer care services, metal services, building products, entertainment, gaming, cabinetry products, commercial vehicles, commercial and investment banking, financial services, commercial and multi-unit residential real estate. It invests in global businesses headquartered in North America, including United States and Canada, or Europe. The firm seeks to invest between $125 million and $1 billion in companies that have minimum revenues of $300 million. It does not consider size if the company is in an industry in which the firm already has presence. The firm seeks to make direct as well as co-investments through managed private equity, real estate and credit funds. It seeks to acquire a control position in its portfolio companies. Onex Corporation was founded in 1984 and is based in Toronto, Canada with additional offices in New York, New York; Englewood Cliffs, New Jersey; Boston, Massachusetts and London, United Kingdom.
History

Founder Gerry Schwartz had previously worked at Bear Stearns in New York City during the 1970s, under investor Jerome Kohlberg Jr., who later became a founding partner of Kohlberg Kravis Roberts. Schwartz returned to Canada, where he started working with Izzy Asper.Schwartz founded Onex in 1984 and took the company public in 1987. The firm focused on private equity investing in North America using capital from its balance sheet for the first 16 years of its history. In 2000, it started raising investment vehicles with third-party capital with the launch of ONCAP, which focuses on smaller and middle market opportunities. In 2003, the first Onex Partners fund was raised. Today, the majority of Onex’ private equity investments are made through these two platforms.In June 2007, General Motors sold Allison Transmission to financial investors Carlyle Group and Onex Corporation. Together with the Canadian pension fund, Tomkins was taken over in 2010, but Onex only held 14% of the shares.At the end of 2017, Onex acquired SMG, one of the world's largest event venue operators with over 200 stadiums, arenas, exhibition and convention centers, theaters and science centers worldwide.In 2019, Onex acquired Gluskin Sheff, a Toronto-based wealth manager with public equity and public credit strategies.Due to the effects of COVID-19 pandemic, Onex suffered a net loss of $1.1 billion US dollars in the quarter ended March 31.

Mission
Onex’s mission is to create long-term value for its shareholders through the successful acquisition, operation, and sale of high-quality businesses.
Vision
Onex’s vision is to create an enduring institution and to have a lasting impact on the businesses and communities in which it operates.
Key Team

Mr. Christopher Allan Govan CPA (Sr. MD & CFO)

Mr. Anthony Munk (Vice Chairman)

Mr. Terry Hickey (Managing Director of Technology, Corp. Services & Innovation)

Mr. Brett Holdway (Director of Information Technology)

Ms. Emma Thompson (MD and Head of Investor Relations & Fund Devel.)

Ms. Andrea E. Daly (MD, Gen. Counsel & Sec.)

Mr. Yonah Elimelech Feder J.D. (Chief Compliance Officer)

Recognition and Awards
Onex has been recognized as one of the most successful private equity firms in the world and has won numerous awards, including the Private Equity International Private Equity Firm of the Year in 2018.
References
Onex
Leadership team

Mr. Gerald Wilfred Schwartz O.C. (Founder, Chairman & CEO)

Mr. Ewout R. Heersink (Vice Chairman)

Mr. Robert M. Le Blanc (Pres)

Products/ Services
Angel Investment, Finance, Venture Capital
Headquarters
Toronto, Ontario, Canada
Established
1984
Net Income
5M - 20M
Revenue
100M - 500M
Traded as
ONEX.TO
Social Media