Canadian private equity firm Onex Corp has promoted Tate Abols to managing director in the investor relations and fund development team. Abols previously served as a principal with the firm’s investment team, focusing on deals in healthcare, building products and business services. He joined Onex in 2006 from the mergers and acquisitions group at RBC Capital Markets. Onex wrapped up its fifth flagship fund, Onex Partners V, last November, securing US$7.15 billion in committed capital.
Onex Appoints Tate Abols to Managing Director
TORONTO, Feb. 15, 2018 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX:ONEX) today announced Tate Abols has joined its Investor Relations & Fund Development team as a Managing Director. Tate was most recently a Principal on the Onex Partners team.
“I am delighted to have a seasoned investor join our team to help drive our fundraising activities, build and strengthen our limited partner relationships, and assist in the development of new products across multiple alternative asset classes,” said Emma Thompson, Managing Director and Head of Investor Relations & Fund Development.
Tate has been with Onex since 2006. Prior to joining Onex, he worked in the Mergers & Acquisitions Group at RBC Capital Markets. He holds an Honours Business Administration degree (with Distinction) from the Ivey School of Business, University of Western Ontario, and a B.A. in Philosophy from Huron University College, University of Western Ontario.
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $30 billion of assets under management, including $6.7 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.
Onex’ businesses have assets of $45 billion, generate annual revenues of $30 billion and employ approximately 161,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.
This news release may contain forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
For further information:
Director, Investor Relations
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