Onex Corporation (ONEXF) has sold approximately 4.1M shares of Class A Common Stock of Ryan Specialty Holdings (RYAN). With this sale, Onex has fully exited its investment in Ryan Specialty and Onex’ CEO, Bobby Le Blanc, will retire from Ryan Specialty’s Board. Proceeds to Onex from this sale are $226M. In total, Onex has realized proceeds of $1.2B from its investment in Ryan Specialty, which equates to a 3.8x Multiple of Capital and an IRR of 49%.
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