April 30, 2017 8:20 AM ET

Diversified Financial Services

Company Overview of Onex Corporation

Company Overview

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, cabinetr...

161 Bay Street

PO Box 700

Toronto, ON M5J 2S1

Canada

Founded in 1984

Phone:

416-362-7711

Fax:

416-362-5765

Key Executives for Onex Corporation

Chairman, Chief Executive Officer, President and Non-Independent Director
Age: 74
Total Annual Compensation: $1.3M
Chief Financial Officer
Age: 46
Total Annual Compensation: $302.0K
Senior Managing Director
Age: 56
Total Annual Compensation: $400.0K
Senior Managing Director
Age: 56
Total Annual Compensation: $400.0K
Senior Managing Director
Age: 49
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2016.

Onex Corporation Key Developments

Bankers Line Up £500 Million Of Debt For Safetykleen Sale

Warburg Pincus - WNS is seeking to sell Safety-Kleen Europe Limited. Some £500 million of debt financing to back a potential buyer’s bid would equate to around 6.5 times Safetykleen’s approximate £80m Ebitda, the sources said. APAX Capital, LLC, Ardian, HgCapital, Montagu Capital Ltd. and Onex Corporation (TSX:ONEX) have all made it through to the second round of bidding, which is due to take place on May 24, 2017, the sources said.

Safetykleen Up For Sale

Bankers are lining up around £500 million of debt to back a potential sale of Safety-Kleen Europe Limited as five buyout firms make it through to the final round of bidding for the company that provides used oil collection, recycling and parts cleaning services, banking sources said. APAX Capital, LLC, Ardian, HgCapital, Montague International Holding Ltd. (OTCPK:MIHL) and Onex Corporation (TSX:ONEX) have all made it through to the second round of bidding, which is due to take place on May 24, 2017, the sources said. APAX Capital, LLC and Ardian declined to comment, while the rest of the bidders and Warburg Pincus were not immediately available to comment.

More Equity Firms To Join The Sale Process for Industrial Solutions Unit Of GE in March

General Electric Company (NYSE:GE) is reportedly preparing to kick off the sale of its $3 billion industrial solutions business in March. Reportedly, equity firms, including KKR & Co LP (NYSE:KKR), Clayton, Dubilier & Rice, LLC, Warburg Pincus LLC and Onex Corporation (TSX:ONEX) are also in the running.

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