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    ONEX   CA68272K1030


Delayed Quote. Delayed Toronto Stock Exchange - 10/20 05:00:00 pm
97.58 CAD   +3.06%
08:24aONEX : Price Target Increased to $113 at Scotiabank
10/12ONEX : to Host Virtual Investor Day on October 19
10/07ONEX CORPORATION : Ex-dividend day for
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Onex : Partners and BPEA Complete Offering of Clarivate Shares

09/15/2021 | 11:07am EDT

Toronto - Onex Corporation ('Onex') (TSX: ONEX), Baring Private Equity Asia ('BPEA') and their affiliated funds, today announced they have sold 25 million ordinary shares of Clarivate plc at a price of $25.25 per share.

In addition, the underwriters were granted a 30-day option to purchase up to 3.75 million ordinary shares from the Group.

Clarivate is a global leader in providing trusted information and insights to accelerate the pace of innovation. At the purchase price and before the underwriters' option, net proceeds to the Group were approximately $630 million, of which Onex' share was approximately $120 million as a Limited Partner in Onex Partners IV and as a co-investor.

The Group will continue to hold approximately 59.5 million ordinary shares of Clarivate for an economic interest of 9%. Onex will continue to hold approximately 16.2 million ordinary shares for a 3% interest. A registration statement on Form S-3 (including a prospectus) was filed with the Securities and Exchange Commission ('SEC') on July 1, 2021 and has become effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Onex

Founded 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 June 30, 2021, Onex has approximately $46 billion of assets under management, of which approximately $7.5 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.

About Baring Private Equity Asia (BPEA)

Baring Private Equity Asia (BPEA) is one of Asia's largest private alternative investment firms, with assets under management of $27 billion. BPEA manages a private equity investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as well as dedicated funds focused on private real estate and private credit. The firm has a 24-year history and over 200 employees located across nine offices in Beijing, Delhi, Hong Kong, Los Angeles, Mumbai, Singapore, Shanghai, Sydney, and Tokyo.

BPEA is a responsible investor that seeks to create value for all stakeholders through a sustainable approach to investing. The firm is a signatory to the UNPRI (United Nations Principles for Responsible Investment) and is committed to action within its own business and the companies in which it invests to drive sustainability across a range of issues, from climate change to social concerns to effective governance.

Forward-Looking Statements

This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as 'believes', 'expects', 'potential', 'anticipates', 'estimates', 'intends', 'plans' and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.


Jill Homenuk

Tel: +1 416.362.7711

Email: fergus.herries@newgate.asia

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CLARIVATE PLC 1.65% 22.23 Delayed Quote.-25.18%
ONEX CORPORATION 3.06% 97.58 Delayed Quote.24.72%
08:24aONEX : Price Target Increased to $113 at Scotiabank
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10/07ONEX CORPORATION : Ex-dividend day for
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09/23ONEX : Third-Quarter Dividend Declared
09/23Onex Corporation Declares a Third-Quarter Dividend Payable on October 31, 2021
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Sales 2020 1 127 M - -
Net income 2020 730 M - -
Net cash 2020 865 M - -
P/E ratio 2020 9,61x
Yield 2020 0,43%
Capitalization 7 008 M 7 015 M -
EV / Sales 2019 4,72x
EV / Sales 2020 3,83x
Nbr of Employees 497
Free-Float 83,8%
Duration : Period :
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Technical analysis trends ONEX CORPORATION
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Mean consensus BUY
Number of Analysts 5
Last Close Price 97,58 CAD
Average target price 112,80 CAD
Spread / Average Target 15,6%
Managers and Directors
Gerald W. Schwartz Chairman & Chief Executive Officer
Robert M. Le Blanc President
Christopher Allan Govan Chief Financial Officer & Senior Managing Director
Natasha Giannopoulos Managing Director-Information Technology
Priya Gnanabhaskar Director-Information Technology
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