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An announcement from ONEX Corporation ( (TSE:ONEX) ) is now available.
Onex Partners, the upper middle market buyout platform of Onex Corporation, has closed a $1.6 billion multi-asset continuation vehicle anchored by leading global institutional investors. The new vehicle holds stakes in three market-leading businesses: Fidelity Building Services Group in HVAC and energy solutions, education software provider PowerSchool, and global risk and claims administrator Sedgwick.
The deal moves these assets out of earlier Onex Partners funds into a dedicated structure while giving existing limited partners the choice of cashing out, rolling into the new vehicle or keeping their current exposure. By securing long-term capital and unanimous advisory committee approval, Onex Partners strengthens its position in the fast-growing private equity secondary market, enhances liquidity and flexibility for investors, and supports the next phase of growth for three core portfolio companies.
The most recent analyst rating on (TSE:ONEX) stock is a Hold with a C$113.00 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 ONEX Stock
According to Spark, TipRanks’ AI Analyst, ONEX is a Neutral.
The score is driven primarily by solid underlying financial strength (profitability and balance sheet) and a clearly attractive valuation (low P/E), supported by a constructive earnings call outlook and strategic progress. These are partially offset by weak technical momentum and the company’s historically volatile revenue and cash-flow profile.
To see Spark’s full report on ONEX stock, click here.
More about ONEX Corporation
Onex Corporation is a global alternative asset manager that invests and manages capital on behalf of its shareholders and institutional clients, including pension plans, sovereign wealth funds, banks, insurers, family offices and high-net-worth individuals. Through its upper middle market buyout arm, Onex Partners, the firm focuses on equity investments in North America and Europe across targeted industry verticals where it has longstanding networks and informational advantages, and currently oversees about $59.2 billion in assets under management.
Average Trading Volume: 122,290
Technical Sentiment Signal: Hold
Current Market Cap: C$7.87B
Learn more about ONEX stock on TipRanks’ Stock Analysis page.