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)

429

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 Managing Director

Chief Financial Officer & Senior Managing Director

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

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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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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. 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.

Recent Transactions
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ONEX Corp., Onex Partners purchase Westjet Airlines Ltd.

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Clarivate Analytics Plc issued USD Ordinary Shares

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ONEX Corp., Emerald Holding, Inc. purchase G3 Communications, Inc.

Transaction Clients

Advised on Clarivate Analytics 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 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

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

Clients

CI First Asset Canadian REIT ETF is an exchange traded mutual fund. The company was founded on October 28, 2004 and is headquartered in Toronto, Canada.

Key Stats and Financials As of 2019
Market Capitalization
$5.93B
Total Enterprise Value
$6.72B
Earnings Per Share
$56.75
Revenue
$406M
Enterprise Value Sales
16.56x
Enterprise Value EBITDAOperating
6.4x
TEVNet Income
1.18x
Debt TEV
0.01x
EBITDAMargin
258.82%
Total Equity
$9.06B
Total Debt
$93.4M
EBITDA
$1.05B
Net Profit
$5.68B
Three Year Compounded Annual Growth Rate Of Revenue
-76.13%
Five Year Compounded Annual Growth Rate Of Revenue
-54.94%
Non-Profit Donations & Grants
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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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.

Suppliers
SUPERVALU, Inc. Consumer Services | Eden Prairie, MN

SUPERVALU® is a leader in the grocery retailing industry. We are a grocery and pharmacy company serving a wide range of customers in neighborhoods nationwide, through stores ranging from hard discount to traditional and premium grocery formats. SUPERVALU reaches millions of families with the products and services they need through owned, licensed, franchised and affiliated stores. A tradition of fresh thinking - that's how SUPERVALU® approaches an ever-changing market. SUPERVALU's 135 years of food logistics innovation, coupled with our established retail expertise, gives us a unique blend of capabilities and a highly complementary business model that's unlocking new opportunities. Through innovation and focus, SUPERVALU has grown into a retail network of more than 2,400 stores. We also serve more than 4,300 retail end points via our supply chain and support services. Since 1870, the enduring mission of our approximately 135,000 employees has been to serve our customers better than anyone else could serve them

Mitsui Fudosan Logistics Park, Inc. Real Estate Investment Trusts | Tokyo, Japan

Mitsui Fudosan Logistics Park, Inc. engages in logistics facility and industrial real estate investment business. It offers rampway, slope and box type logistics facilities in Chiba, Saitama, Aichi, Kanagawa and Tokyo. The company was founded on March 4, 2016 and is headquartered in Tokyo, Japan.

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