Onex Partners

New generation fund to remain similar in size to the USD 7bn fifth fund, with operational improvement a key focus

Owners OTPP and Ardagh requested non-binding offers last week after distributing sale materials in March

Predecessor vehicle was expected to be 78% deployed in December 2021 after acquiring TES Global

Auction for the childcare provider is pencilled in for H2 2022, sources say

GP teamed up with Basque and Spanish partners following political scrutiny of the sale process

GIC has made several investments in 2020, including in Klarna and Thyssenkrupp Elevator

Primary offering would target proceeds of approximately €1bn, going towards deleveraging

Canadian-based GP is targeting $6.5bn for the vehicle, which launched in April 2017

Resilient nature of the sector and plentiful supply of consolidation opportunities could lead to a resurgence in activity

Sale of the UK holiday park operator to the Candian GP represents an IRR of 46% for Epiris

UK-based components manufacturer Tomkins, backed by Onex Corp and the Canada Pension Plan Investment Board (CPPIB) is considering an IPO.

Onex Partners has acquired German processing equipment manufacturer KraussMaffei for €568m.

North American investment firm Onex has announced the opening of a London office led by newly-hired managing director Tony Morgan.

Axa and Onex-backed Tomkins is thought to be arranging the sale of its tyre technology division.