Onex Corporation

ONEX

CA68272K1030

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
98.47 ^CAD	-0.27%		+1.20%	+6.42%

Apr. 17	Onex Corporation's Equity Buyback announced on April 14, 2023, has expired.	CI
Apr. 15	Onex Renews Normal Course Issuer Bid	MT

Onex invests in engineering and technical staffing firm Morson Group

February 05, 2024 at 08:39 am EST

TORONTO — Onex Corp. has announced a deal to invest in Morson Group, an engineering and technical staffing firm based in the United Kingdom.

Financial terms of the deal were not disclosed.

The majority investment in Morson, which has operations in the United Kingdom, United States, Italy, Canada and Australia, was done though the firm's Onex Partners V fund.

Onex says the investment was made alongside the founding family CEO Ged Mason and members of the management team.

Mason will continue as CEO.

Morson employs over 1,500 people in more than 60 locations.

This report by The Canadian Press was first published Feb. 5, 2024.

Companies in this story: (TSX:ONEX)

Latest news about Onex Corporation

Onex Corporation's Equity Buyback announced on April 14, 2023, has expired.	Apr. 16	CI
Onex Renews Normal Course Issuer Bid	Apr. 15	MT
Toronto Stocks Edge Lower; Parkland Shares Up After Rebuffing Call for Strategic Review	Apr. 15	DJ
Onex Corporation announces an Equity Buyback for 6,318,146 shares, representing 8.2% of its issued share capital.	Apr. 15	CI
Onex Corporation authorizes a Buyback Plan.	Apr. 14	CI
R&Q Insurance Holdings Says Planned Sale of its Program Management Business Remains on Track, Despite Speculation in the Media and to Close in Second Quarter of 2024	Feb. 29	CI
Transcript : Onex Corporation, Q4 2023 Earnings Call, Feb 23, 2024	Feb. 23
Onex Reports Q4 Diluted EPS of $4.81	Feb. 23	MT
Onex Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 23	CI
Onex Brief: Q4 Net earnings per diluted share US$4.81	Feb. 23	MT
Onex Corporation Appoints Peter Brown as Head of Client and Products Solutions	Feb. 23	CI
Onex Corporation Reports Impairment of Goodwill for the Quarter Ended December 31, 2023	Feb. 23	CI
North American Morning Briefing : S&P 500 Futures -2-	Feb. 23	DJ
Tranche Update on Onex Corporation's Equity Buyback Plan announced on April 14, 2023.	Feb. 22	CI
Onex Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 22	CI
Onex Corporation Declares First-Quarter Dividend, Payable on April 30, 2024	Feb. 22	CI
Onex Says to Invest in Morson Group	Feb. 05	MT
Onex Brief: Says to Invest in Morson Group	Feb. 05	MT
Morson Group Limited announced that it has received funding from Onex Corporation and other investors	Feb. 04	CI
Airline staff seek new contracts amid booming travel demand	Nov. 27	RE
Airfare to leisure destinations to cost less this winter, WestJet CEO says	Nov. 15	RE
Transcript : Onex Corporation, Q3 2023 Earnings Call, Nov 10, 2023	Nov. 10
Tranche Update on Onex Corporation's Equity Buyback Plan announced on April 14, 2023.	Nov. 10	CI
Onex Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 10	CI
Onex Corp Reports Q3 EPS of $3.23	Nov. 10	MT

Onex Corporation, together with its subsidiaries, manages and invests capital in its private equity funds, private credit strategies and liquid strategies on behalf of shareholders, institutional investors, and high net worth clients. The Company operates in two segments: Investing and Asset management. Investing segment and Asset management. Investing segment engaged in the activity of investing Onexâ capital. Asset management segment comprises the asset management activities provided by Company to support its private equity and credit strategies, as well as its corporate functions. Its two primary businesses are Private Equity and Credit. In Private Equity, it raises funds from third-party investors, or limited partners, and invests them, along with its own investing capital, through the funds of its private equity platforms, Onex Partners and ONCAP. In Credit, it raises and invests capital across several private credit, public credit, and public equity strategies.

Sector

Investment Management & Fund Operators

Calendar

2024-05-09 - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

98.47 CAD

Average target price

120 CAD

Spread / Average Target

+21.86%

Consensus

Sector Private Equity

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