April 17, 2014 2:55 PM ET

Diversified Financial Services

Company Overview of Onex Corporation

Company Overview

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up. The firm seeks to invest in technology, electronics manufacturing services, industrial, aerospace, healthcare, retail, industrials products, customer care services, metal services, building products, entertainment, gaming, cabinetry products, commercial...

161 Bay Street

PO Box 700

Toronto, ON M5J 2S1

Canada

Founded in 1984

232,000 Employees

Phone:

416-362-7711

Fax:

416-362-5765

Key Executives for Onex Corporation

Chairman
Age: 71
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $402.1K
Chief Executive Officer of The Warranty Group
Age: 47
Total Annual Compensation: $263.8K
Senior Managing Director
Age: 53
Total Annual Compensation: $400.0K
Senior Managing Director
Age: 52
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

Onex Corporation Key Developments

Onex And Cineplex Reportedly Emerge As Leaders To Buy Dave & Buster’s

Onex Corporation (TSX:OCX) and Cineplex Inc. (TSX:CGX) have emerged as leading buyers for Dave & Buster’s Inc., according to people familiar with the matter.

Investors Reportedly Eye Heat Exchanger Business Of Alstom

Bain Capital, LLC; CVC Capital Partners Limited; Onex Corporation (TSX:OCX); Rhone Capital, L.L.C.; Astorg Partners; and Triton are reportedly bidding for Alstom SA (ENXTPA:ALO)'s heat exchanger division. The sale is expected to value the unit at up to €600 million.

Onex Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Onex Corporation reported consolidated earnings results for the full year ended December 31, 2013. For the year, revenues were $27,809,000 against $24,917,000 a year ago. Loss before income taxes and discontinued operations was $1,407,000 against earnings before income taxes and discontinued operations of $66,000 a year ago. Loss from continuing operations was $1,074,000 against $10,000 a year ago. Loss from continuing operations attributable to equity holders of the company was $605,000 or $5.34 per basic and diluted share against $143,000 or $1.25 per basic and diluted share a year ago. Net loss attributable to equity holders of the company was $354,000 or $3.12 per basic and diluted share against $128,000 or $1.12 per basic and diluted share a year ago. This change was primarily driven by a greater increase in the fair value of the limited partners' interest in its operating businesses that is recorded as a liability, which resulted in approximately $750 million in increased charges to Onex' consolidated net earnings. Operating activities was $1,586,000 against $2,043,000 a year ago. Purchase of property, plant and equipment was $835,000 against $607,000 a year ago. Total loss for 2013 to $813 million. The company had a $223 million net loss in the fourth quarter of 2013.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
April 14, 2014
--
Merger/Acquisition
April 4, 2014
Pinafore Holdings B.V.
Merger/Acquisition
March 21, 2014
The Warranty Group, Inc.
 

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