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  • Matt Ting

Why Onex for Private Equity? / Overview of Onex


Overview


Onex is a global private equity firm that has an AUM of $48B. Onex was founded in Toronto, Canada and is one of Canada's largest private equity firms and asset managers. It focuses on private equity and credit investments and operates a specialized middle-market fund known as ONCAP.


Onex is one of the most prominent private equity firms in Canada. Onex has offices in Toronto, across the U.S., and in London.


In 2019, Onex acquired Toronto-based wealth manager Gluskin Sheff for $445mm. Onex now offers wealth management to high-net-worth individuals.


Onex Overview


Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Onex, you should make sure you know:


  • 1 deal that the investment team you are recruiting with has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention


We explain how to answer qualitative questions and research private equity firms in our Private Equity Course. We also teach how to build LBO models and prepare for case study interviews.



Big 3 Qualitative Questions




Selected Transaction


Onex agreed to acquire British education technology services provider TES Global from Providence. The firm currently serves over 17,000 schools in 117 countries and hosts over 13 million teachers on its online platform.

  • Transaction Description: Onex Partners V LP, managed by Onex Corporation (TSX:ONEX) agreed to acquire TES Global Limited from Providence Equity Partners L.L.C.

  • Transaction Date: Announced December 2021

  • Press Release


Fact Sheet


Onex Logo


  • Company Name: Onex

  • Description: Onex is an investor and asset manager that invests capital on behalf of its shareholders and clients across the globe

  • Firm Category: Private Equity / Upper Middle Market

  • Ticker: TSE:ONEX

  • Founded: 1984

  • Assets Under Management: $48B

  • Flagship Fund Size: Onex Partners V ($7.15B raised in 2017)

  • Chief Executive Officer: Gerry Schwartz

  • Headquarters: Toronto, Canada


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