Onex Corporation (T:ONEX*CA)
Business Focus: Private Equity
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 161 Bay Street, 49th Floor; P.O. Box 700 TORONTO ON M5J 2S5 |
| Tel: | N/A |
| Website: | www.onex.com |
| IR: | See website |
| Key People | ||
| Robert M. Le Blanc President, Chief Executive Officer, Director | Anthony Munk Vice Chair | Christopher A. Govan Chief Financial Officer |
| Colin K. Sam General Counsel, Corporate Secretary | David W. Copeland Managing Director - Taxation | Yonah Feder Managing Director - Legal and Compliance |
| Ronnie Jaber Head of Onex Credit | Tawfiq Popatia Co-Head of Onex Partners | |
| Business Overview |
| 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 Onex' 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. |
| Financial Overview |
| For the three months ended 31 March 2024, Onex Corp revenues increased 62% to $97M. Net income totaled $10M vs. loss of $232M. Revenues reflect Asset Management segment increase from $18M to $40M, Investing segment increase of 23% to $54M. Net Income reflects Asset Management segment loss decrease of 62% to $26M, Investing segment income increase of 23% to $54M. Dividend per share remained flat at $0.07. |
| Employees: | 492 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $12,577M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,590M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,114M as of Mar 31, 2024 |
| Net annual income (TTM): | $1,054M as of Mar 31, 2024 |
| Free cash flow (TTM): | $129.85M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $5,460M as of Mar 31, 2024 |
| Shares outstanding: | 76,905,745 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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