Canadian private equity firm Onex Corp has hired Nehal Abdel Hakim as managing director, capital markets. Operating from New York, Abdel Hakim will be responsible for leading the firm’s capital markets activities in support of new private equity investments and existing portfolio companies. Abdel Hakim joins Onex from the global capital markets group of Morgan Stanley, where she served for seven years, most recently as executive director, leveraged and acquisition finance. Toronto-based Onex in November closed its fifth private equity flagship fund at US$7.15 billion.
Nehal Abdel Hakim Joins Onex to Lead its Capital Markets Efforts
TORONTO, Jan. 08, 2018 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX:ONEX) today announced Nehal Abdel Hakim has joined Onex as Managing Director, Capital Markets in its New York office. Ms. Abdel Hakim will be responsible for leading Onex’ capital markets activities in support of new private equity investments and existing operating companies.
“Onex has a long history of successfully executing complex capital structures for its private equity investments,” said Gerry Schwartz, Chairman and Chief Executive Officer of Onex. “Nehal’s extensive experience and industry relationships will further deepen our leveraged financing capabilities and provide our investment professionals and operating company management with an integral resource. We are excited to have Nehal join Onex and welcome her to our team.”
Prior to joining Onex, Ms. Abdel Hakim was with Morgan Stanley for seven years in the Global Capital Markets group where she most recently held the title of Executive Director, Leveraged and Acquisition Finance. Previously, Ms. Abdel Hakim was a member of Credit Suisse’s Financial Sponsors team.
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.
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