Onex Partners Completes Majority Investment in Newport Healthcare
July 19 2021 - 06:30AM
Onex Corporation (“Onex”) (TSX: ONEX) today announced that Onex
Partners V has completed its acquisition of Newport Healthcare
(“Newport”), in partnership with the company’s management team.
Newport is a leading provider in the United States of
evidence-based healing centers for teens and young adults
struggling with primary mental health issues.
With this transaction, Onex Partners V is
approximately 60% invested. The terms of the transaction are not
being disclosed.
About OnexFounded in 1984, Onex
manages and invests capital on behalf of its shareholders,
institutional investors and high net worth clients from around the
world. Onex’ platforms include: Onex Partners, private equity funds
focused on mid- to large-cap opportunities in North America and
Western Europe; ONCAP, private equity funds focused on middle
market and smaller opportunities in North America; Onex Credit,
which manages primarily non-investment grade debt through
tradeable, private and opportunistic credit strategies as well as
actively managed public equity and public credit funds; and Gluskin
Sheff’s wealth management services. In total, as of March 31, 2021,
Onex has approximately $45 billion of assets under management, of
which approximately $7.2 billion is its own investing capital. With
offices in Toronto, New York, New Jersey, Boston and London, Onex
and its experienced management teams are collectively the largest
investors across Onex’ platforms.
The Onex Partners and ONCAP businesses have
assets of $41 billion, generate annual revenues of $24 billion and
employ approximately 146,000 people worldwide. Onex shares trade on
the Toronto Stock Exchange under the stock symbol ONEX. For more
information on Onex, visit its website at www.onex.com. Onex’
security filings can also be accessed at www.sedar.com.
For Further Information:Jill
HomenukManaging Director – Shareholder Relations and
CommunicationsTel: +1 416.362.7711
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