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Companies |
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Onex &
Limited
Partners
Economic
Ownership
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Onex
Owns |
Onex
Votes |
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| Electronics Manufacturing Services |
Celestica Inc. (TSX/NYSE: CLS), a global provider of electronics manufacturing services.
Onex shares held: 17.8 million(1)
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10%(1) |
10%(1) |
74% |
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| Aerostructures |
Spirit AeroSystems, Inc. (NYSE: SPR), the world’s largest independent designer and manufacturer of aerostructures.
Onex shares held: 6.0 million(1)
Onex Partners I shares subject to a carried interest: 11.9 million
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16% |
4%(1) |
63% |
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| Healthcare |
Skilled Healthcare Group, Inc. (NYSE: SKH), an organization of skilled nursing and assisted living facilities operators in the United States.
Onex shares held: 3.5 million
Onex Partners I shares subject to a carried interest: 10.7 million |
39% |
9% |
87% |
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Carestream Health, Inc., a global provider of medical and dental imaging and healthcare information technology solutions.
Total Onex, Onex Partners II and Onex management investment at cost: $471 million, before returns of capital of $327 million
Onex portion at cost: $186 million, before returns of capital of $129 million
Onex Partners II portion subject to a carried interest: $266 million
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93% |
37% |
100% |
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Res-Care, Inc., a leading U.S. provider of residential, training, educational and support services for people with disabilities and special needs.
Total Onex, Onex Partners I, Onex Partners III and Onex management investment at cost: $204 million
Onex portion: $41 million
Onex Partners I portion subject to a carried interest: $61 million
Onex Partners III portion subject to a carried interest: $94 million
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98% |
20% |
100% |
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| Insurance Provider |
The Warranty Group, Inc., one of the world’s largest providers of extended warranty contracts.
Total Onex, Onex Partners I, Onex Partners II and Onex management investment at cost: $488 million, before returns of capital of $94 million
Onex portion: $154 million, before returns of capital of $30 million
Onex Partners I portion subject to a carried interest: $178 million
Onex Partners II portion subject to a carried interest: $137 million
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91% |
29% |
100% |
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| Customer Care Services |
SITEL Worldwide Corporation, a global provider of outsourced customer care services.
Onex investment at cost: $251 million
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70% |
70% |
89% |
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| Metal Services |
TMS International Corp. (NYSE: TMS), a leading provider of outsourced industrial services to steel mills globally.
Onex shares held: 9.3 million
Onex Partners II shares subject to a carried interest: 13.2 million
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60% |
24% |
90% |
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| Building Products |
JELD-WEN Holding, inc., one of the world’s largest manufacturers of interior and exterior doors, windows and related products for use primarily in the residential and light commercial new construction and remodelling markets.
Total Onex, Onex Partners III, certain limited partners, Onex management and others investment at cost: $921 million, before returns of capital of $63 million on the convertible promissory notes
Onex portion at cost: $227 million, before returns of capital of $15 million on the convertible promissory notes
Onex Partners III portion subject to a carried interest: $569 million
In April 2013, JELD-WEN repaid $54 million of the convertible promissory notes, including accrued interest, of which Onex’ share was $13 million. Subsequent to the April 2013 repayment, the remaining convertible promissory notes, including accrued interest, in the amount of $72 million were converted into Series A Convertible Preferred Stock of JELD-WEN. After giving effect to the repayment and conversion of convertible notes, the Onex Partners III Group’s as-converted economic ownership in JELD-WEN was 70 percent, of which Onex’ as-converted economic ownership was 17 percent.
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65%(2) |
16%(2) |
65%(2) |
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| Other Businesses |
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| Commercial Vehicles |
Allison Transmission Holdings, Inc.(3)(NYSE: ALSN), the world leader in the design and manufacture of fully-automatic transmissions for on-highway trucks and buses, off-highway equipment and military vehicles. Onex shares held: 23.4 million
Onex Partners II shares subject to a carried interest: 33.5 million
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41% |
13% |
–(3) |
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| Aircraft Management |
BBAM Limited Partnership(3), one of the world's leading managers of commercial jet aircraft.
Total Onex, Onex Partners III and Onex management investment at cost: $217 million
Onex Portion: $55 million
Onex Partners III portion subject to a carried interest: $152 million
The investment in BBAM Limited Partnership includes an investment of: (i) $20 million in the shares of FLY Leasing Limited (NYSE: FLY), of which Onex' share was $5 million; and (ii) $32 million in Meridian Aviation Partners Limited, an aircraft investment company established by the Onex Partners III group. Onex' share of the investment is $8 million.
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50% |
13% |
50%(3) |
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| Plastics Processing Equipment |
KraussMaffei Group GmbH, a leading manufacturer of plastic and rubber processing equipment.
Total Onex, Onex Partners III and Onex management investment at cost: $358 million(4)
Onex Portion: $90 million(4)
Onex Partners III portion subject to a carried interest: $252 million(4)
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97% |
25% |
100% |
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| Business Services / Packaging |
SGS International, Inc., a global leader in design-to-print graphic services to the consumer products packaging industry.
Total Onex, Onex Partners III and Onex management investment at cost: $260 million
Onex Portion: $66 million
Onex Partners III portion subject to a carried interest: $183 million
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94% |
24% |
94% |
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| Industrial Products |
Tomkins Limited(3), a global manufacturer of belts and hoses for the industrial and automotive markets.
Total Onex, Onex Partners III, certain limited partners, Onex management and others investment at cost: $1,219 million, before a return of capital of $663 million
Onex portion at cost: $315 million, before a return of capital of $171 million
Onex Partners III and others portion subject to a carried interest: $688 million
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56% |
14% |
50%(3) |
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| Gaming |
Tropicana Las Vegas, Inc., a casino resort with 1,467 rooms, situated on 34 acres and located directly on the Las Vegas Strip.
Total Onex, Onex Partners III and Onex management investment at cost: $319 million
Onex portion: $70 million
Onex Partners III portion subject to a carried interest: $225 million |
82% |
18% |
82% |
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| Insurance Brokerage |
USI Insurance Services, a leading U.S. provider of insurance brokerage services.
Total Onex, Onex Partners III, certain limited partners, Onex management and others investment at cost: $610 million
Onex Portion at cost: $170 million
Onex Partners III portion subject to a carried interest: $358 million
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91% |
25% |
100% |
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| Mid-Market Opportunities |
ONCAP, private equity funds focused on acquiring and building the value of mid-market companies based in North America (website: www.oncap.com).
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ONCAP II actively manages investments in EnGlobe Corp., Mister Car Wash, CiCi's Pizza, Caliber Collision Centers, BSN SPORTS, Pinnacle Renewable Energy Group and Pure Canadian Gaming.
Total ONCAP II, Onex, Onex management and ONCAP management investment at cost: $392 million (C$416 million)
Onex portion: $181 million (C$191 million)
ONCAP II portion: $176 million (C$189 million)
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100% |
46%(5) |
100% |
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ONCAP III actively manages investments in Hopkins, Pure Canadian Gaming, Davis-Standard and Bradshaw.
Total ONCAP III, Onex, Onex management and ONCAP management investment at cost: $253 million (C$253 million)
Onex portion: $74 million (C$74 million)
ONCAP III portion: $154 million (C$155 million)
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100% |
29% |
100% |
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| Real Estate |
Onex Real Estate Partners, a platform dedicated to acquiring and improving real estate assets in North America.
Onex investment in Onex Real Estate transactions at cost: $298 million
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88% |
88% |
100% |
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| Credit Strategies |
Onex Credit Partners specializes in managing credit-related investments, including event-driven, long/short and market dislocation strategies.
Onex investment in Onex Credit Partners at market: $531 million, of which $334 million is invested in a segregated Onex Credit Partners unleveraged senior secured loan portfolio that purchases assets with greater liquidity, $117 million is invested in other Onex Credit Partners Funds and $80 million is invested in OCP CLO-1, OCP CLO-2 and OCP CLO-3.
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70%(6) |
70%(6) |
50%(6) |
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