Onex Hires Laurence Goldberg

TORONTO, ONTARIO--(Marketwired - May 23, 2017) -

All amounts in U.S. dollars unless otherwise stated

Onex Corporation ("Onex") (TSX:ONEX) announced today that Laurence Goldberg will be joining as a Managing Director in the New York office. Mr. Goldberg will be responsible for leading Onex Partners' investing activities in the technology sector. 

Gerry Schwartz, Onex' Chairman and Chief Executive Officer, said, "Onex has a long history of investing successfully across a broad range of industries. Laurence's expertise in technology is a logical addition to our capabilities. He is ideally suited to lead our investments in technology companies fitting with our overall private equity strategy."

Mr. Goldberg has more than 25 years of industry experience. Prior to joining Onex, he served as the Global Head of Technology, Media & Telecommunications investment banking at Barclays. Previously, Mr. Goldberg was the Head of Technology investment banking at Lehman Brothers and a member of Credit Suisse First Boston's technology investment banking group.

About Onex

Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has approximately $25 billion of assets under management, including $6 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex invests alongside its fund investors and is the largest limited partner in each of its private equity funds. 

Onex' businesses have assets of $46 billion, generate annual revenues of $31 billion and employ approximately 166,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex' security filings can also be accessed at www.sedar.com.

This news release may contain forward-looking statements that are based on management's 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.