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)

270

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.

Executives & Employees

Chairman, Chief Executive Officer & Founder

Executive Director & Senior MD

Chief Financial Officer

Managing Director, General Counsel & Secretary

General Counsel & Chief Compliance Officer, Onex Credit

Senior Managing Director

Senior Managing Director

Senior Managing Director

Managing Director, Onex Partners

Managing Director, Onex Partners

Board of Directors

Chairman, Chief Executive Officer & Founder at ONEX Corp.

Founder at Indigo Books & Music Inc.

Executive Director & Senior MD at ONEX Corp.

Founding Shareholder at ONEX Corp.

Founder at Thrive Global Holdings, Inc.

Chairman at Torys LLP

Owner at Maccabi Tel Aviv FC

Attorney at Wilkinson Walsh and Eskovitz

Former President & Chief Operating Officer at Le Groupe Videotron Ltd.

Former Chairman & Chief Executive Officer at Bank One Corp.

Paths to ONEX Corp.
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ONEX Corp.
Owners & Shareholders
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First Manhattan Co. provides investment management services to individuals, partnerships, trusts, retirement accounts and institutional clients. Our clients interface directly with a portfolio manager who has the expertise and experience needed to make appropriate unbiased investment decisions on their behalf. Our client relationships are typically long-term. For many clients, we are managing accounts of the second and third generation. First Manhattan Co. manages investments on a fully discretionary basis for accounts ranging from under $1 million to over $100 million. Since our founding, the total assets and number of portfolios under our supervision have grown significantly due to both portfolio appreciation and referrals of new accounts by existing clients. First Manhattan Co. was founded in 1964 and remains an owner-operated business. The firm is registered with the U.S. Securities and Exchange Commission as an investment adviser and as a broker-dealer, and is a member of the Financial Industry Regulatory Authority (FINRA)

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EdgePoint Investment Group seeks to buy growth companies at value prices. The firm 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. EdgePoint Investment Group 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 buy good, undervalued businesses and hold them until the market fully recognizes their potential. They sell a security for one of two reasons. First, 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. Second, there's a constant culling process whereby they continuously strive to upgrade the quality of their portfolios with better ideas. For fixed income investments, EdgePoint Investment Group 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. EdgePoint Investment Group can invest in all forms of corporate debt including senior secured bonds, subordinated debentures and convertibles. Sovereign governments, provincials and asset-backed securities are also available to them if the opportunity arises.

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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.

Recent Transactions
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ONEX Corp. purchases Gluskin Sheff + Associates, Inc.

Details Hidden

ONEX Corp., Onex Partners purchase Westjet Airlines Ltd.

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ONEX Corp., Onex Partners purchase KidsFoundation Holding BV from H.I.G. Capital LLC (Private Equity)

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

Key Stats and Financials As of 2018
Market Capitalization
$8.11B
Total Enterprise Value
$38.7B
Earnings Per Share
$-8.51
Revenue
$30.8B
Net Profit
$-859M
EBITDA
$2.86B
EBITDAMargin
9.26%
Total Debt
$31B
Total Equity
$7.7B
Enterprise Value Sales
1.25x
Enterprise Value EBITDAOperating
13.55x
TEVNet Income
-45.01x
Debt TEV
0.8x
Three Year Compounded Annual Growth Rate Of Revenue
6.98%
Five Year Compounded Annual Growth Rate Of Revenue
1.47%
Investments
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Sitel Worldwide Corp. provides customer care outsourcing services. It offers a wide array of services, including customer service, technical support, customer acquisition, retention and revenue generation services and back office support. The company was founded in 1985 and is headquartered in Nashville, TN.

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PURE Canadian Gaming Corp. owns and operates gambling and casino. The company was founded in 1973 and is headquartered in Edmonton, Canada.

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Car Wash Partners, Inc. engages in the provision of car wash services. It offers oil change, preventative maintenance, exterior car wash, and full serve car wash services. The company was founded in 1969 and is headquartered in Tucson, AZ.

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