Onex to Sell Interest in RSI Home Products

Onex to Sell Interest in RSI Home Products 
TORONTO, ONTARIO -- (Marketwire) -- 02/11/13 --  
All amounts in U.S. dollars unless otherwise stated  
Onex Corporation ("Onex") (TSX:OCX) and its affiliates (the "Onex
Group") today announced an agreement to sell their 50% interest in
RSI Home Products ("RSI") to the company for proceeds of
approximately $323 million. The transaction is expected to close by
the end of the first quarter and is subject to customary closing
conditions, including a financing condition for the benefit of RSI.  
The Onex Group made a $318 million preferred equity investment in RSI
in October 2008. Upon completion of the transaction, the Onex Group
will have received proceeds of approximately $471 million, including
prior distributions, which will result in a multiple of invested
capital of approximately 1.5 times and an 11% rate of return. Onex'
portion of the proceeds would be approximately $186 million,
including the prior distributions.  
"We're pleased to have invested alongside RSI's founder and
management team and we wish them continued success," said Anthony
Munk, a Managing Director of Onex.   
About Onex 
With offices in Toronto, New York and London, Onex is one of the
oldest and most successful private equity firms. Onex acquires and
builds high-quality businesses in partnership with talented
management teams. The Company has approximately $14 billion of assets
under management, including $4.8 billion of proprietary capital, in
private equity, credit securities and real estate. Onex invests its
proprietary capital directly and as a substantial limited partner in
its Funds.  
Onex' businesses have assets of $43 billion, generate annual revenues
of $37 billion and employ approximately 250,000 people worldwide.
Onex shares trade on the Toronto Stock Exchange under the stock
symbol OCX. For more information on Onex, visit its website at The Company's security filings can also be accessed at 
This news release may contain forward-looking statements that are
based on management's current expectations and are subject to known
and unknown uncertainties and risks, which could cause actual results
to differ materially from those contemplated or implied by such
forward-looking statements. Onex is under no obligation to update any
forward-looking statements contained herein should material facts
change due to new information, future events or otherwise.
Onex Corporation
Emma Thompson
Vice President, Investor Relations
Press spacebar to pause and continue. Press esc to stop.