The ONCAP funds focus on value-oriented, private equity opportunities in medium-sized businesses located in North America. Investments typically have an enterprise value of up to C$500 million.
was launched in 1999 with C$400 million of committed capital – C$120 million from Onex – and invested in six platform operating companies and completed 15 add-on acquisitions. The fund achieved a 43% gross IRR and 4.1x gross multiple of cost (33% net IRR; 3.1x net MOC) when it was fully realized in 2007.
was established in 2005 with C$574 million of committed capital, C$252 million of which came from Onex. To date, ONCAP II has invested C$483 million in eight platform operating companies and completed 88 add-on acquisitions.
was established in 2011 with capital commitments of C$800 million, of which C$252 million came from Onex. To date, ONCAP III has invested C$556 million in seven platform operating companies and completed 12 add-on acquisitions.
to learn more about our return on invested capital.
The ONCAP team
has approximately 20 professionals who are led by Michael Lay . The ONCAP team is supported by Onex' financial, legal, IR and tax professionals.