Tawfiq Popatia and Nigel Wright promoted to Senior Managing Directors of Onex Partners
September 15 2020 - 8:30AM
Onex Corporation (“Onex”) (TSX: ONEX) today announced Tawfiq
Popatia and Nigel Wright have been promoted to Senior Managing
Directors of Onex Partners. They will remain focused on
investing Onex Partners V, overseeing their existing operating
companies and serving as members of the Onex Partners Investment
Committee.
Bobby Le Blanc, President of Onex and Head of
Onex Partners, commented, “These promotions recognize Tawfiq and
Nigel’s investing track records, leadership qualities and
longstanding contributions to Onex.”
Tawfiq joined Onex in 2007. He has led
Onex Partners’ investments in WestJet, Advanced Integration
Technology (AIT) and BBAM and its related investments in FLY
Leasing (NYSE: FLY), Incline Aviation and Meridian.
Prior to joining Onex, Tawfiq worked at Hellman &
Friedman LLC, a San Francisco-based private equity firm.
Previously, Tawfiq worked in the investment banking division
of Morgan Stanley & Co. and Morgan Stanley Asia Pacific.
Nigel joined Onex in 1997. His investing
track record includes investments in Independent Clinical Services
(pending), KidsFoundation, SIG Combibloc, Spirit AeroSystems,
ResCare and Compagnie Générale de Géophysique. Nigel took a
leave of absence from Onex from 2010 to 2014 to work as Chief of
Staff for the Prime Minister of Canada. Prior to joining
Onex, Nigel was a partner at the law firm of Davies, Ward &
Beck. Before that, he worked in policy development in the
Office of the Prime Minister of Canada.
About OnexFounded in 1984, Onex invests and
manages capital on behalf of its shareholders, institutional
investors and high net worth clients from around the world.
Onex’ platforms include: Onex Partners, private equity funds
focused on larger opportunities in North America and Europe; ONCAP,
private equity funds focused on middle market and smaller
opportunities in North America; Onex Credit, which manages
primarily non-investment grade debt through collateralized loan
obligations, senior loan strategies and other private credit
strategies; and Gluskin Sheff’s wealth management services
including its actively managed public equity and public credit
funds. In total, Onex has approximately $35.6 billion of
assets under management, of which approximately $6.6 billion is its
own shareholder capital. With offices in Toronto, New York,
New Jersey and London, Onex and its experienced management teams
are collectively the largest investors across Onex’ platforms.
The Onex Partners and ONCAP businesses have
assets of $45 billion, generate annual revenues of $25 billion and
employ approximately 165,000 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.
Forward-Looking StatementsThis
press release may contain, without limitation, statements
concerning possible or assumed future operations, performance or
results preceded by, followed by or that include words such as
“believes”, “expects”, “potential”, “anticipates”, “estimates”,
“intends”, “plans” and words of similar connotation, which would
constitute forward-looking statements. Forward-looking
statements are not guarantees. The reader should not place
undue reliance on forward-looking statements and information
because they involve significant and diverse risks and
uncertainties that may cause actual operations, performance or
results to be materially different from those indicated in these
forward-looking statements. Except as may be required by
Canadian securities law, Onex is under no obligation to update any
forward-looking statements contained herein should material facts
change due to new information, future events or other factors.
These cautionary statements expressly qualify all
forward-looking statements in this press release.
For Further InformationClaire
Glossop IraniDirector, Client & Product SolutionsTel:
416.362.7711
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