Onex sells KraussMaffei Group for $1 bln

By Luisa Beltran — 1 month ago

Onex Corp. said Sunday that it agreed to sell KraussMaffei Group to China National Chemical Corp. for 925 million euros (US$1 billion). KraussMaffei supplies machinery and systems for producing and processing plastics and rubber. Onex invested 276 million euros in KraussMaffei Group in December 2012. Once the deal closes, Onex will receive about 670 million euros in proceeds; its portion will be 180 million euros, including 12 million euros in carried interest.

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Onex closes Sitel Worldwide sale

By Luisa Beltran — 5 months ago

Onex Corp. said Friday it has completed the sale of Sitel Worldwide Corp. Onex said it expects to receive about $55 million in proceeds, including an earnout. The sale was announced in July.

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Onex to buy Hospital Physician Partners

By Luisa Beltran — 6 months ago

Onex Corp. said Tuesday it closed its previously announced investment in the Schumacher Group. Onex also said it has agreed to buy Hospital Physician Partners. Financial terms weren’t announced. Hollywood, Florida-based Hospital Physician Partners is a U.S. provider of emergency and hospital medicine clinical staffing services.

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Onex to sell Sitel Worldwide

By Luisa Beltran — 7 months ago

Onex Corp. said Friday that it has agreed to sell Sitel Worldwide Corp. Onex said it expects to receive about $55 million in proceeds, which includes an earn-out. The buyer is Groupe Acticall of France. Nashville-based Sitel Worldwide is a customer care provider.

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Onex invests in Schumacher Group

By Luisa Beltran — 8 months ago

Onex Corp. said Monday that it invested in Schumacher Group. Financial terms weren’t announced. Lafayette, Louisiana-based Schumacher, provides outsourced emergency and hospital medicine clinical staffing, as well as healthcare advisory services.

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Onex invests in Jack’s Family Restaurants

By Luisa Beltran — 9 months ago

Onex Corp. said Monday it has invested in Jack’s Family Restaurants. Financial terms weren’t announced. Certain member of management also invested. Homewood, Alabama-based Jack’s operates quick-service restaurants specializing in burgers, fried chicken, made-from-scratch biscuits, crinkle-cut fries and hand-dipped shakes. The company employs about 4,400 peole across 129 company-owned stores in Alabama, Georgia, Mississippi and Tennessee. The investment is coming from Onex Partners IV, Onex’ $5.7 billion flagship fund.

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Onex Partners IV increased to $5.66 bln

By Luisa Beltran — 1 year ago

Onex Corp. said this week that it increased its commitment to Onex Partners IV to $1.7 billion from $1.2 billion. The size of Onex Partners IV is $5.66 billion, up from $5.15 billion, with Onex as the largest investor.

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Carlyle cashes out of Allison Transmission

By Luisa Beltran — 1 year ago

The Carlyle Group said Tuesday it has sold its remaining 2.7 million shares in Allison Transmission. Carlyle and Onex Corp. acquired Allison Transmission in August 2007. Allison Transmission, an auto-parts makers, went public in 2012.

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