ONCAP Completes Sale of Davis-Standard
December 10 2021 - 4:30PM
Onex Corporation (“Onex”) (TSX: ONEX) today announced that ONCAP
has completed the sale of Davis-Standard, LLC (“Davis-Standard”).
Davis-Standard is a leading supplier of extrusion and converting
systems and related aftermarket products and services for the rigid
packaging, flexible packaging and infrastructure end-markets. Of
the total proceeds from the sale, Onex’ share was approximately
$75 million as a Limited Partner in ONCAP III. Further terms
of the transaction are not being disclosed.
About
ONCAP
ONCAP is the mid-market private equity platform
of Onex. In partnership with operating company management teams,
ONCAP invests in and builds value in North American headquartered
small- and medium-sized businesses that are market leaders and
possess meaningful growth potential. For more information on ONCAP,
visit its website at www.oncap.com.
About Onex
Founded in 1984, Onex manages and invests
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 mid- to
large-cap opportunities in North America and Western 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 tradeable, private and
opportunistic credit strategies as well as actively managed public
equity and public credit funds; and Gluskin Sheff’s wealth
management services. In total, as of September 30, 2021, Onex has
approximately $47 billion of assets under management, of which
approximately $7.9 billion is its own investing capital. With
offices in Toronto, New York, New Jersey, Boston and London, Onex
and its experienced management teams are collectively the largest
investors across Onex’ platforms.
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.
For further information: Jill
Homenuk Managing Director – Shareholder Relations and
Communications Tel: +1.416.362.7711
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