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Onex and CPPIB sell Gates to Blackstone

Onex Corporation and Canada Pension Plan Investment Board have completed the sale of Gates Corporation, Tomkins‘ principal remaining business. Blackstone has acquired the business for $5.4 billion.

Onex to Sell Interest in RSI Home Products

Onex Corporation is to sell its 50 percent interest in RSI Home Products to the company for proceeds of approximately $323 million. The transaction is expected to close by the end of the first quarter and is subject to customary closing conditions, including a financing condition for the benefit of RSI.

Onex to Purchase KraussMaffei

Onex Corporation is to acquire Munich, Germany-bssed KraussMaffei AG, a manufacturer of plastic and rubber processing equipment, for 568 million euros ($731.5 million). Onex Partners III, Onex’ $4.7 billion flagship private equity fund, will make an equity investment of approximately $340 million, of which Onex’ share is about $86 million as a Limited Partner in the Fund.

Onex Crosses Pond to Open London Office

Onex Corporation is opening an office in London. Onex also announced that Tony Morgan will be joining as a managing director in the London office. PRESS RELEASE Onex Corporation (“Onex”) (TSX:OCX) today announced that it is opening an office in London to support continued growth of its investing activities. Onex also announced that Tony Morgan […]

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