Onex invests in Schumacher Group

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.


Onex invests in Jack’s Family Restaurants

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.


Onex completes Survitec acquisition

Onex Corp has closed its previously announced buy of Survitec Group Limited for 450 million pounds. Based in the UK, Survitec is a provider of marine, defense and aerospace survival equipment.


Onex Partners IV increased to $5.66 bln

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.


Carlyle cashes out of Allison Transmission

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.


Onex looks to sell The Warranty Group – Reuters

Canadian private equity firm Onex Corp (OCX.TO) is preparing to sell The Warranty Group, a provider of extended warranty contracts, which is expected to fetch more than US$1 billion, two people familiar with the matter told  Reuters this week. Onex bought the company from insurance broker Aon Corporation in 2006 for US$710 million. Onex put around US$510 million of equity into the deal, which also saw the Warranty Group’s management participate with a substantial investment.

Trade Show

Onex to Buy Nielsen Expositions for $950M

Canadian buyout firm Onex Corp. has agreed to acquire Nielsen Expositions from parent organization Nielsen Holdings N.V. for US$950 million. The deal is expected to close in the second quarter of 2013. Nielsen Expositions, of San Juan Capistrano, California, operates more than 65 business-to-business trade shows and conference events every year. Onex Partners III, Onex’s US$4.7 billion private equity fund, will invest approximately US$350 million of equity in the transaction.

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