Onex Corporation, a leading investment manager, is the proud owner of a diverse portfolio of companies. With a focus on private equity investments, Onex has built a reputation for acquiring and growing high-quality businesses. In this article, I will provide you with an overview of Onex Corporation and highlight some of the notable companies in its portfolio.

Key Takeaways

  • Onex Corporation is an investment manager specializing in private equity investments.
  • Some of the companies owned by Onex include Allison Transmission, Tomkins, SMG (now ASM Global), Gluskin Sheff, and WestJet.
  • Onex manages capital on behalf of shareholders, institutional investors, and high net worth clients.
  • The company focuses on acquiring and building high-quality businesses in North America and Europe.
  • Onex makes private equity investments through its two primary platforms: Onex Partners and ONCAP.

Onex Corporation Overview

Onex Corporation is an investment manager based in Toronto, Canada. With a history dating back to 1984, Onex has established itself as a prominent player in the world of private equity funds and asset management. Led by founder Gerry Schwartz, the company focuses on acquiring and building high-quality businesses in North America and Europe.

As an investment manager, Onex Corporation manages capital through its private equity funds, private credit strategies, and liquid strategies. It not only invests capital on behalf of shareholders but also serves institutional investors and high net worth clients. The company’s asset management services support its private equity and credit strategies, enabling it to provide comprehensive solutions and deliver value to its stakeholders.

With a strong emphasis on quality, Onex Corporation carefully selects its investments to ensure long-term growth and profitability. The company’s track record includes successful acquisitions such as Allison Transmission, Tomkins, SMG (now ASM Global), Gluskin Sheff, and WestJet. By acquiring and nurturing these businesses, Onex aims to create value and generate attractive returns for its investors.

Table: Onex Corporation Overview

Location Founded Investment Focus Key Acquisitions
Toronto, Canada 1984 Private equity funds, asset management
  • Allison Transmission
  • Tomkins
  • SMG (now ASM Global)
  • Gluskin Sheff
  • WestJet

Onex Private Equity Investments

Onex Corporation strategically invests in private equity opportunities through its two primary platforms, Onex Partners and ONCAP. These platforms enable Onex to target and capitalize on a wide range of investment opportunities, catering to both larger and smaller markets.

Onex Partners focuses on larger investment opportunities, leveraging Onex’s extensive industry expertise and strong network of relationships. With a long-term investment perspective, Onex Partners aims to acquire and build high-quality businesses that have the potential for long-term growth and value creation.

In contrast, ONCAP focuses on smaller and middle market opportunities, targeting companies that exhibit growth potential and a strong position within their respective industries. ONCAP’s flexible investment approach allows it to support the growth strategies of these companies and drive their long-term success.

Notable Investments

Over the years, Onex Corporation has made several notable private equity investments through its platforms. One such investment was the partnership with Carlyle Group for the acquisition of Allison Transmission, a leading manufacturer of commercial-duty automatic transmissions. This collaboration showcased Onex’s ability to execute strategic acquisitions and create value through operational improvements.

Another significant investment was the takeover of Tomkins in collaboration with a prominent Canadian pension fund. Tomkins is a global engineering and manufacturing company, and Onex’s partnership allowed for the implementation of growth strategies and operational enhancements.

Furthermore, Onex’s subsidiary, Kestrel Bidco, successfully acquired WestJet, an established Canadian airline. This investment showcased Onex’s ability to navigate complex transactions and capitalize on opportunities in the aviation industry.

Platform Investment Focus Notable Investments
Onex Partners Larger opportunities Allison Transmission, WestJet
ONCAP Smaller and middle market opportunities Tomkins

Onex Corporation Financials and Presence

Let’s take a closer look at the financials and global presence of Onex Corporation. As of the latest available data, Onex Corp has a total of 597 employees spread across its operations in Canada, the United States, and the United Kingdom.

When it comes to financial performance, Onex Corp reported revenue of $442.0 million in 2022. This figure represents a significant 78.3% decrease compared to the previous year. However, it’s worth noting that the company’s net income for 2022 stood at $XYZ, reflecting a XYZ% decrease.

In terms of market capitalization, Onex Corp is valued at an impressive $5.1 billion as of XYZ. This indicates the market’s confidence in the company and its potential for growth. With its diverse portfolio and investment expertise, Onex Corp continues to play a significant role in the private equity landscape.

FAQ

What companies does Onex own?

Onex Corporation owns a diverse portfolio of companies, including Allison Transmission, Tomkins, SMG (now ASM Global), Gluskin Sheff, and WestJet.

What is Onex Corporation?

Onex Corporation is an investment manager that focuses on private equity investments. It manages capital on behalf of shareholders, institutional investors, and high net worth clients.

What are Onex’s primary investment platforms?

Onex makes private equity investments through its two primary platforms: Onex Partners, which focuses on larger opportunities, and ONCAP, which targets smaller and middle market opportunities.

Where does Onex operate?

Onex Corporation operates in Canada, the US, and the UK.

How many employees does Onex have?

Onex Corporation has approximately 597 employees.

What are Onex’s financials?

Onex Corporation reported revenue of $442.0 million in 2022, representing a 78.3% decrease compared to the previous year. The net income for 2022 was $XYZ, reflecting an XYZ% decrease. As of XYZ, the market capitalization of Onex Corp was valued at $5.1 billion.

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