| Industry: |
Healthcare |
| Investment date: |
February 2004 |
| Acquired by: |
ONCAP I |
| Investment: |
C$25 million / C$8 million from Onex |
| Status: |
Realized |
| Final realization: |
January 2006 |
| Value realized: |
C$100 million / C$31 million by Onex |
| Gross IRR: |
116% |
| Head office: |
Concord, Ontario |
The amounts above include Onex’ share of the carried interest and are net of any payments under the Management Investment Plan.
Futuremed Health Care Products L.P. was Canada’s leading distributor of medical supplies and equipment to long-term care facilities.
In January 2006, Futuremed completed a C$120 million initial public offering. ONCAP I sold 100% of its stake in Futuremed in that offering for proceeds of C$100 million – an IRR of 116%.