Onex eyes fundraise for sixth fund

The filing for the Luxembourg-domiciled vehicle is dated 14 February.

Onex Partners V held a final close in November 2017 on USD 7.15bn. The fund generally invests in businesses with enterprise values of USD 250m-750m, according to Unquote Data.

Onex V was 67.5% deployed as of September 2021. It was expected to be 78% deployed following its recent acquisition of TES Global, Onex said in a statement issued at the time. Onex acquired the UK-headquartered education technology platform from Providence Equity in December 2021.

Formed in 2003 as a division of investment manager Onex's private equity strategy and headquartered in Canada, Onex Partners invests in companies based in the US, Canada and western Europe with initial equity requirements of at least USD 200m.

The GP has made 60% of its European deals to date in the UK, according to Unquote Data, and 50% of its European deals have been made in the industrial goods and services sector.

Onex had not responded to requests for comment at the time of publication.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• GPs
• Fundraising
• Buyouts
• Onex Partners