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ONEX Corporation ( (TSE:ONEX) ) has provided an update.
Onex Corporation has completed the sale of its remaining shares in Ryan Specialty Holdings, marking its full exit from the investment. The sale generated $226 million in proceeds, contributing to a total realization of $1.2 billion from the investment, which represents a 3.8x Multiple of Capital and an IRR of 49%. This strategic move underscores Onex’s successful investment strategy and its ability to generate significant returns for its stakeholders. The exit also coincides with the retirement of Onex’s CEO, Bobby Le Blanc, from Ryan Specialty’s Board, highlighting a transition in leadership as Ryan Specialty continues to solidify its position as a leader in specialty insurance solutions.
The most recent analyst rating on (TSE:ONEX) stock is a Buy with a C$134.00 price target. To see the full list of analyst forecasts on ONEX Corporation stock, see the TSE:ONEX Stock Forecast page.
Spark’s Take on TSE:ONEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:ONEX is a Outperform.
ONEX Corporation’s overall stock score is driven by strong financial performance and positive strategic moves highlighted in the earnings call. The company’s stable financials and strategic acquisitions position it well for future growth, although technical indicators suggest caution due to potential overbought conditions. Valuation metrics are reasonable, supporting a balanced investment outlook.
To see Spark’s full report on TSE:ONEX stock, click here.
More about ONEX Corporation
Onex Corporation is a global investment firm that manages capital on behalf of its shareholders and clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices, and high-net-worth individuals. Founded in 1984, Onex has a strong track record of creating value and has approximately $57.2 billion in assets under management. The company is headquartered in Toronto, with additional offices in New York, New Jersey, and London, and is listed on the Toronto Stock Exchange under the symbol ONEX.
Average Trading Volume: 98,259
Technical Sentiment Signal: Buy
Current Market Cap: C$7.76B
For detailed information about ONEX stock, go to TipRanks’ Stock Analysis page.