Chicago-based Arbor Investments has exited its investment in Bradshaw International, a provider of kitchen tools and gadgets. The buyer was ONCAP, the Toronto, Ontario-based mid-market private equity platform of Onex. The financial terms were not released. Torys LLP represented ONCAP in this transaction.

Onex Corp’s ONCAP raised a third fund, the TSX-listed investment firm, closed its third fund with $800 million Canadian committed. The fund will consist of $520 million in outside capital and $280 million that is being contributed from Onex. In June, ONCAP III completed its first transaction with the acquisition of Hopkins Manufacturing Corporation.

ONCAP Management Partners, the mid-market private equity unit of Onex Corp., has agreed to acquire Sport Supply Group Inc. (Nasdaq: RBI), a maker and distributor of sporting goods and branded team uniforms to the institutional and team sports market. The deal is valued at approximately $169 million, or $13.55 per share in cash.

OnCap, a Toronto-based private equity firm focused on the middle market, has promoted Mark MacTavish to managing director, and Evan Hershberg and Ryan Mashinter to director. www.oncap.com

Oncap has acquired an undisclosed stake in Caliber Collision Centers, an Irvine, Calif.-based owner and operator of 66 collision repair facilities in California and Texas. No financial terms were disclosed.