ONEX Corp.

ONEX Corp.

ONEX Corp.

Overview
Date Founded

1980

Headquarters

161 Bay Street,49th floor,Toronto, ON M5J 2S1

Type of Company

Public

Employees (Worldwide)

497

Industries

Investment Services & Portfolio Management

Company Description

Founded in 1984, Onex is one of North America’s oldest and most successful private equity firms committed to acquiring and building high-quality businesses in partnership with talented management teams. As an active owner, the Company has built more than 70 businesses, completing approximately 375 acquisitions with a total value of approximately $44 billion. Onex’ long-term project returns have generated a multiple of invested capital of 2.9 times from its core private equity activities since inception, resulting in a 28 percent compound IRR on realized, substantially realized and publicly traded investments. The Company is guided by an ownership culture focused on achieving strong absolute growth, with an emphasis on capital preservation. With an experienced management team, significant financial resources and no debt at the parent company, Onex is well-positioned to continue to acquire and build businesses. Onex manages its proprietary capital as well as capital entrusted to it by third-party investors from around the world, including public and private pension funds, sovereign wealth funds, banks, insurance companies and fund of funds managed by other asset managers.

In The News
Executives & Employees

President

Chief Financial Officer & Senior Managing Director

Managing Director, General Counsel & Secretary

General Counsel & Chief Compliance Officer, Onex Credit

Senior Managing Director

Senior Managing Director

Vice Chairman

Managing Director, Onex Partners

Managing Director, Finance

Board of Directors

Founder at ONEX Corp.

Senior Managing Director at Onex Partners

Managing Director at Onex Investment Corp.

Founder at Indigo Books & Music Inc.

Founder at Thrive Global Holdings, Inc.

Professor Emeritus at University of Toronto - Faculty of Law

Chairman at Corillian Corp.

Owner at Maccabi Tel Aviv FC

Founder at Lanesborough Real Estate Investment Trust

Attorney at Wilkinson Walsh and Eskovitz

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Owners & Shareholders
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Since 1967, Beutel Goodman has specialized in applying a value approach to the management of domestic and global equity, balanced and fixed income mandates for institutional and individual investors. Cash flow analysis forms the foundation for both equity and fixed income analysis and valuation. For the fixed income side strong free cash flows facilitates debt repayment and safety of principal. For the equity side strong free cash flows provide the financial flexibility to support organic growth and profitability, make strategic acquisitions, buy back shares and pay dividends. Beutel Goodman's in-depth, and bottom up investment style leads to investments in strong companies with less cyclicality for fixed income mandates and more value upside for equity mandates.

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EdgePoint Investment Group seeks to buy growth companies at value prices and makes long-term investments viewing stock as an ownership interest in a company and seeking to acquire these ownership stakes at prices below their assessment of their true worth. The firm focuses on companies with strong competitive positions, defendable barriers to entry and long-term growth prospects that are run by competent management teams. These holdings generally reflect their views looking out more than five years. EdgePoint Investment Group buys good, undervalued businesses and holds them until the market fully recognizes their potential. They sell a security for one of two reasons: (1) if their thesis about the company is deemed no longer valid. If the firm can no longer stand behind their thesis, they can no longer stand behind an ownership interest in the business and the position is sold; and (2) there's a constant culling process whereby they continuously strive to upgrade the quality of their portfolios with better ideas. For fixed income investments, the firm looks for securities that provide an attractive return through coupon payments and/or capital appreciation while focusing on the borrower's (or bond issuer's) ability to meet its debt obligations through the payment of periodic coupons and the return of the original principal at maturity.

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WJWM allocates client investment assets primarily among various individual equity securities (stocks), fixed income securities (bonds and bond funds), mutual funds, ETFs and private investment funds on a discretionary and non-discretionary basis in accordance with the client’s designated investment objectives. Their investment approach focuses on long-term growth of client capital through proper asset allocation, growth and value equity management and active fixed-income management. The firm’s investment process includes asset allocation; equity management; fixed income management; and alternative investments.

Recent Transactions
Details Hidden

ONEX Corp., Onex Credit Partners LLC purchase Onex Falcon Investment Advisors LLC

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ONEX Corp. purchases Digital Insurance LLC from New Mountain Capital LLC

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Clarivate Plc issued USD Ordinary Shares

Transaction Clients

Advised on Clarivate Plc issued USD Ordinary Shares

Transaction Advisors
Legal Advisor

Advised on purchases Tomkins Plc

Accountant

Advised onONEX Corp. purchases Loews Cineplex Entertainment Corp.

Legal Advisor

Advised onONEX Corp. purchases Kodak Health Group from Eastman Kodak Co.

Legal Advisor

Advised on purchases Tomkins Plc

Co-Chair of the Canada Group

Advised onONEX Corp. purchases Kodak Health Group from Eastman Kodak Co.

Legal Advisor

Advised onONEX Corp. purchases SGS International LLC from Court Square Capital Partners

Advisors & Consultants
Legal Advisor

Global Co-Chair, Private Equity Practice at Latham & Watkins LLP

Legal Advisor

Partner at Fried, Frank, Harris, Shriver & Jacobson LLP

Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Clients

CI First Asset Canadian REIT ETF is an exchange traded mutual fund. It portfolio comprised of securities of Canadian real estate investment trusts, real estate operating corporations and corporations involved in real estate related services. The company was founded on October 28, 2004 and is headquartered in Toronto, Canada.

Key Stats and Financials As of 2020
Market Capitalization
$5.83B
Total Enterprise Value
$4.63B
Earnings Per Share
$7.87
EBITDAMargin
304.44%
Enterprise Value / Sales
15.29x
Enterprise Value EBITDAOperating
5.02x
TEVNet Income
6.14x
Debt TEV
0.02x
Three Year Compounded Annual Growth Rate Of Revenue
-76.88%
Revenue
$303M
Net Profit
$755M
Total Equity
$7.12B
Total Debt
$73.7M
EBITDA
$923M
Non-Profit Donations & Grants
Investments
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BSN Sports LLC engages in manufacture and sale of sports equipment. It offers apparel, footwear, team uniforms, and equipment. The company was founded in 1972 and is headquartered in Dallas, TX.

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Caliber Bodyworks, Inc. engages in the provision collision repair services. it offers customer service, online estimates, lifetime warranty, paint less dent repair, and auto glass repair. The company was founded in 1997 and is headquartered in Lewisville, TX.

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TMS International Holding Corp. engages in the provision of industrial steel mill services. It offers raw material brokerage, scrap management, scrap optimization, slag handling, metal recovery, slag aggregates, abs software, product handling, railcar dismantling, specialized services, logistics management, industrial services, surface conditioning, blast furnace services, extruded product services, and copper slag services. The company was founded in 1926 and is headquartered in Glassport, PA.

Suppliers
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