Onex Corp T.ONEX

Alternate Symbol(s): ONEXF

Onex Corporation, together with its subsidiaries, manages and invests capital in its private equity funds, private credit strategies and liquid strategies on behalf of shareholders, institutional investors, and high net worth clients. The Company operates in two segments: Investing and Asset management. Investing segment and Asset management. Investing segment engaged in the activity of investing Onex’ capital. Asset management segment comprises the asset management activities provided by Company to support its private equity and credit strategies, as well as its corporate functions. Its two primary businesses are Private Equity and Credit. In Private Equity, it raises funds from third-party investors, or limited partners, and invests them, along with its own investing capital, through the funds of its private equity platforms, Onex Partners and ONCAP. In Credit, it raises and invests capital across several private credit, public credit, and public equity strategies.

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Onex Corp

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Post by Betteryear2on Oct 01, 2021 9:05am

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Post# 33951389

Completes Investment in Wealth Enhancement Group

All amounts in U.S. dollars unless otherwise stated

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) today announced that Onex Partners V, Onex’ $7.2 billion fund, and certain co-investors, including Onex (the “Onex Group”), have completed their investment in Wealth Enhancement Group (“WEG”), in partnership with the management team and the company’s existing investor, TA Associates. WEG is a leading U.S. independent wealth management firm offering comprehensive and customized financial planning and investment management services. The firm specializes in providing retail clients with the team-based knowledge and resources they need to simplify their financial life.

Of the Onex Group’s total investment, Onex Corporation’s share was approximately $250 million through Onex Partners V and a co-investment.

https://www.globenewswire.com/news-release/2021/10/01/2306948/0/en/The-Onex-Group-Completes-Investment-in-Wealth-Enhancement-Group.html

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Bombardier completes partial redemption of US$200 million