Onex Completes Sale of Interest in RSI Home Products
TORONTO, ONTARIO -- (Marketwire) -- 02/22/13 --
All amounts in U.S. dollars unless otherwise stated
Onex Corporation ("Onex") (TSX:OCX) and its affiliates (the "Onex
Group") today announced that they have completed the sale of their
50% interest in RSI Home Products ("RSI") to the company for proceeds
of $323 million.
The Onex Group made a $318 million preferred equity investment in RSI
in October 2008. The Onex Group has received proceeds of $471
million, including prior distributions, which results in a multiple
of invested capital of approximately 1.5 times and an 11% rate of
return. Onex' portion of the proceeds is $186 million, including the
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 $15 billion of assets
under management, including $5 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
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
www.onex.com. 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.
Vice President, Investor Relations
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