{"id":643674,"date":"2013-02-24T17:45:30","date_gmt":"2013-02-24T22:45:30","guid":{"rendered":"https:\/\/www.pehub.com\/?p=187901"},"modified":"2013-02-24T17:45:30","modified_gmt":"2013-02-24T22:45:30","slug":"onex-completes-sale-of-50-stake-in-rsi","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/643674","title":{"rendered":"Onex Completes Sale of 50% Stake in RSI"},"content":{"rendered":"

\"\"<\/a>Canadian buyout firm Onex Corp.<\/strong> has completed its sale of a 50 percent interest in RSI Home Products Inc.<\/strong> back to the Anaheim, California-based company. Proceeds from the transaction totaled US$323 million. Onex first invested in RSI in 2008. With the company buyback finalized, Onex announced it has received proceeds of US$471 million, including prior distributions, which results in a multiple of invested capital of approximately 1.5 times and an 11% rate of return.<\/p>\n

PRESS RELEASE:<\/strong><\/p>\n

Onex Corporation (“Onex”) (TSX: OCX) and its affiliates (the \u201cOnex Group\u201d) today announced that they have completed the sale of their 50% interest in RSI Home Products (\u201cRSI\u201d) to the company for proceeds of $323 million.<\/p>\n

The Onex Group made a $318 million preferred equity investment in RSI in October 2008. The Onex Group has received proceeds of $471 million, including prior distributions, which results in a multiple of invested capital of approximately 1.5 times and an 11% rate of return. Onex\u2019 portion of the proceeds is $186 million, including the prior distributions.<\/p>\n

About Onex
\nWith offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Onex acquires and builds high-quality businesses in partnership with talented management teams. The Company has approximately $15 billion of assets under management, including $5 billion of proprietary capital, in private equity, credit securities and real estate. Onex invests its proprietary capital directly and as a substantial limited partner in its Funds.<\/p>\n

Onex\u2019 businesses have assets of $43 billion, generate annual revenues of $37 billion and employ approximately 250,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company\u2019s security filings can also be accessed at www.sedar.com.<\/p>\n

This news release may contain forward-looking statements that are based on management\u2019s current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.
\nFor further information:
\nEmma Thompson
\nVice President, Investor Relations
\nTel: 416.362.7711<\/p>\n

Photo courtesy of Shutterstock.<\/a><\/em><\/p>\n

 <\/p>\n

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Canadian buyout firm Onex Corp. has completed its sale of a 50 percent interest in RSI Home Products Inc. back to the Anaheim, California-based company. Proceeds from the transaction totaled US$323 million. Onex first invested in RSI in 2008. With the company buyback finalized, Onex announced it has received proceeds of US$471 million, including prior […]<\/p>\n","protected":false},"author":7606,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-643674","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/643674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7606"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=643674"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/643674\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=643674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=643674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=643674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}