March 20, 2018 12:48 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


Founded in 1984





Key Executives for Onex Corporation

Chairman, President & CEO
Age: 75
Total Annual Compensation: $1.3M
Chief Financial Officer
Age: 46
Total Annual Compensation: $302.0K
Senior Managing Director
Age: 57
Total Annual Compensation: $400.0K
Senior Managing Director
Age: 57
Total Annual Compensation: $400.0K
Senior Managing Director
Age: 50
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2016.

Onex Corporation Key Developments

Onex Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017

Onex Corporation announced consolidated earnings results for the fourth quarter and full year ended December 31, 2017. On a consolidated basis for the fourth quarter, revenues increased by 17% to $6.3 billion compared to the same period of the prior year. The increase was largely due to the inclusion of revenues from the acquisitions of Parkdean Resorts and Save-A-Lot. Net earnings for the fourth quarter of 2017 were $300 million compared to a loss of $152 million in the same quarter of 2016. This increase in net earnings was primarily attributable to a net deferred tax recovery associated with income tax assets and liabilities as a result of the tax reform in the United States, as well as an increase in the fair value of joint ventures and associates. For the year, revenues were $24,497 million against $17,805 million a year ago. Loss before income taxes and discontinued operations was $731 million against $512 million a year ago. Loss from continuing operations was $647 million or $6.99 per basic and diluted share against $619 million or $6.36 per basic and diluted share a year ago. Net earnings were $2,395 million against net loss of $36 million a year ago. Net earnings per subordinate voting share for the year were $23.47 against net loss per subordinate voting share for the year of $1.25 a year ago. Cash flows from operating activities was $1,875 million against $1,912 million a year ago. Purchase of property, plant and equipment was $722 million against $481 million a year ago. The increase in Revenue was primarily due to the inclusion of revenues from the acquisition of Parkdean Resorts and the inclusion of full year revenues from acquisitions completed in 2016. The increase in net earnings was primarily driven by $3.3 billion of gains recorded from the loss of control over JELD-WEN and the sale of USI, a gain recorded by Carestream Health on the sale of its Dental Digital business and an increase in the fair value of joint ventures and associates; these increases were partially offset by an increase in the limited partners' interests charge.

Onex Corporation Declares First Quarter Dividend Payable on April 30, 2018

The Board of Directors of Onex Corporation declared a first-quarter dividend of CAD 0.075 per Subordinate Voting Share payable on April 30, 2018 to shareholders of record on April 10, 2018.

Onex Corporation Appoints Tate Abols as Managing Director, Investor Relations & Fund Development

Onex Corporation announced Tate Abols has joined its Investor Relations & Fund Development team as a Managing Director. Tate was most recently a Principal on the Onex Partners team. Tate has been with Onex since 2006. Prior to joining Onex, he worked in the Mergers & Acquisitions Group at RBC Capital Markets.

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