onex.com
Search
Investor Information / Summary of Current Businesses text size [+][]
Summary of Current Businesses
<>Onex Partners II portion subject to a carried interest: $140 million
  Companies

Onex' &
Limited
Partners'
Economic
Ownership

Onex
Owns
Onex
Votes
Electronics Manufacturing Services Celestica Inc. (TSX/NYSE: CLS), a global provider of electronics manufacturing services.
Onex shares held: 17.8 million(1)
10%(1) 10%(1) 75%
Aerostructures Spirit AeroSystems, Inc. (NYSE: SPR), the world’s largest independent designer and manufacturer of aerostructures.
Onex shares held: 4.4 million(1)
Onex Partners I shares subject to a carried interest: 8.7 million

11% 3%(1) 55%
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% 86%
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 original cost: $471 million
Onex portion at cost: $186 million
Onex Partners II portion subject to a carried interest: $266 million
92% 33%(1) 100%
  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 original 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
98% 20% 100%
Customer Care Services SITEL Worldwide Corporation, a global provider of outsourced customer care services.
Onex investment at original cost: $251 million
70% 70% 89%
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 original cost: $987 million
Onex portion at cost: $244 million
Onex Partners III portion subject to a carried interest: $610 million
79%(2) 20%(2) 79%(2)
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 original cost: $610 million
Onex Portion at cost: $170 million
Onex Partners III portion subject to a carried interest: $358 million
92%  26%  100%     
Other Businesses
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 defense vehicles. Onex shares held: 11.0 million
Onex Partners II shares subject to a carried interest: 15.7 million
20% 6% (3)
Aircraft  Leasing & Management Aircraft Leasing & Management, a global platform dedicated to leasing and managing commercial jet aircraft.  The platform is comprised of:

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 original cost: $185 million
Onex Portion: $47 million
Onex Partners III portion subject to a carried interest: $130 million

In conjunction with the investment in BBAM Limited Partnership, the Onex Partners III Group invested $20 million in the shares of FLY Leasing Limited (NYSE:FLY), of which Onex' share was $5 million.




50%




13%  




50%(3)
Meridian Aviation Partners Limited, an aircraft investment company established by the Onex Partners III Group.
Total Onex, Onex Partners III and Onex management investment at original cost: $57 million
Onex portion: $14 million
Onex Partners III portion subject to a carried interest: $40 million
100% 25% 100%
Business Services/Tradeshows Emerald Expositions, Inc., a leading operator of business-to-business tradeshows in the United States.
Total Onex, Onex Partners III and Onex management investment at original cost: $490 million
Onex portion: $119 million
Onex Partners III portion subject to a carried interest: $345 million
99% 24% 99%
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 original cost: $366 million(4)
Onex Portion: $92 million(4)
Onex Partners III portion subject to a carried interest: $257 million(4)
96% 24% 100%
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 original cost: $260 million
Onex Portion: $66 million
Onex Partners III portion subject to a carried interest: $183 million
93% 23% 93%
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 original cost: $1,219 million
Onex portion at cost: $315 million
Onex Partners III and others portion subject to a carried interest: $688 million
56% 14% 50%(3)
Gaming Tropicana Las Vegas, Inc., a casino resort with 1,467 rooms, situated on 35 acres and located directly on the Las Vegas Strip.
Total Onex, Onex Partners III and Onex management investment at original cost: $319 million
Onex portion: $70 million
Onex Partners III portion subject to a carried interest: $225 million
82% 18% 82%
Insurance Provider (Discontinued Operation) The Warranty Group, Inc.(5), one of the world’s largest providers of extended warranty contracts.
Total Onex, Onex Partners I, Onex Partners II and Onex management investment at original cost: $498 million
Onex portion: $157 million
Onex Partners I portion subject to a carried interest: $181 million
91% 29% 100%
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).
   
ONCAP II actively manages investments in EnGlobe, Mister Car Wash, CiCi's Pizza, Pinnacle Renewable Energy Group and PURE Canadian Gaming.
Total ONCAP II, Onex, Onex management and ONCAP management unrealized investment at original cost: $315 million (C$332 million)
Onex portion: $145 million (C$152 million)
ONCAP II portion: $143 million (C$151 million)
100%  46%(6) 100%
ONCAP III actively manages investments in Hopkins, PURE Canadian Gaming, Davis-Standard and Bradshaw.
Total ONCAP III, Onex, Onex management and ONCAP management unrealized investment at original cost: $253 million (C$253 million)
Onex portion: $74 million (C$74 million)
ONCAP III portion: $154 million (C$155 million)

100% 29% 100%
Real Estate Onex Real Estate Partners, a platform dedicated to acquiring and improving real estate assets in North America.
Onex' remaining investment in Onex Real Estate transactions at cost: $289 million

88% 88% 100%
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: $633 million, of which $345 million is invested in a segregated Onex Credit Partners unleveraged senior secured loan portfolio that purchases assets with greater liquidity, $131 million is invested in other Onex Credit Partners Funds and $157 million is invested in collateralized loan obligations.

70%(7) 70%(7) 50%(7)

(1) Excludes shares held in connection with the Management Investment Plan.
(2) The economic ownership and voting interests on JELD-WEN are presented on an as-converted basis as the Onex Partners III Group investment is in convertible preferred shares.
(3) Onex has certain contractual rights and protections, including the right to appoint members to the board of directors, in respect of these entities, which are accounted for at fair value in Onex' unaudited interim consolidated financial statements.
(4) The investments in KraussMaffei were made in euros and converted to U.S. dollars using the prevailing exchange rate on the date of the investments.
(5) In March 2014, Onex entered into an agreement to sell The Warranty Group. As a result of this pending sale, the operation of The Warranty Group is presented in the other segment as discontinued in Onex' unaudited interim consolidated financial statements.
(6) This represents Onex' blended economic ownership in the ONCAP II investments.
(7) This represents Onex’ share of the Onex Credit Partners asset management platform.