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Investing / Private Equity / Onex Partners / RSI Home Products text size [+][]
RSI Home Products
Industry: Cabinetry Products
Investment date: October 2008
Acquired by: Onex Partners II
Investment: $318 million /
$126 million from Onex
Status: Realized
Final realization: February 2013
Value realized:
$471 million /
$186 million by Onex
Gross IRR: 11%
Head office: Anaheim, California

RSI Home Products, Inc. ("RSI") was a leading manufacturer of bath cabinetry for the home. RSI made kitchen, bath and home organization cabinet products for sale in the United States, Canada and Mexico through home centers, kitchen and bath dealers, and other distributors.

On February 22, 2013, Onex completed the sale of RSI. The Onex Partners II group received proceeds of $471 million, including prior distributions. This resulted in a multiple of invested capital of approximately 1.5 times and an IRR of 11%. Onex' portion of these proceeds was $186 million, including $3 million of carried interest and prior distributions.