(Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high-net worth clients from around the world. Onex buying Gluskin Sheff for $445 million VIDEO SIGN OUT Private equity firm Onex Corp. announced Friday it is acquiring wealth manager Gluskin Sheff + Associates Inc. in a $445-million deal. Assets Managed. Gluskin Sheff is one of Canada’s pre-eminent wealth management firms. As an Onex company, Gluskin Sheff provides access to a highly diversified suite of public and private investment products. Founded in 1984, Gluskin Sheff has been managing investment portfolios for high net worth private clients as well as select institutional investors, including family offices, foundations, endowments and both public and private pension plans. Onex Corporation (TSX: ONEX) has completed the acquisition of Gluskin Sheff + Associates Inc. (TSX: GS) for a total consideration of approximately CDN $445 million or US $330 million. More recently, Gluskin Sheff has expanded its suite of wealth management services to include wealth planning. Gluskin Sheff shares were up $3.18 at $14.35 in trading on the Toronto Stock Exchange late Monday morning. Canadian US Private Equity Firms, Private Capital Journal is a publication of CPE News, Canada’s trusted and unbiased all private capital and public news, © 2020 CPE News, a dvision of CPE Media Inc. All Rights Reserved. Founded with one investment strategy, focused on smaller-cap equities. Gluskin Sheff finished the year with C$8.3 billion of fee-generating client capital, an increase of approximately 2% since our acquisition. Onex and Gluskin Sheff disclaim any obligation to update any forward-looking statements contained herein, whether as a result of new information, future events or … All amounts in U.S. dollars unless otherwise stated TORONTO, June 03, 2019 — Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have completed their transaction, under which Onex acquired 100% of Gluskin Sheff for a total consideration of approximately C$445 million ($330 million). By combining Gluskin Sheff’s public securities investing platforms with Onex’ private equity and private debt platforms the clients of both firms will have greater investment options.” Gluskin Sheff is a Canadian wealth management firm. The company was founded in 1984 by Ira Gluskin and Gerald Sheff. [4] [5] Since its founding, the firm has generated a gross multiple of invested capital of 2.5x and a gross internal rate of return of 27% on its realized private equity investments (as of September 30, 2020). Onex is committed to strengthening Gluskin Sheff’s product suite and elevating our service offerings. Acquired by Onex, combining two of Canada’s pre-eminent investment management firms. Aligned. Onex and Gluskin Sheff disclaim any obligation to update any forward-looking statements contained herein, whether as a result of new information, future events or … In 2019, Onex acquired Gluskin Sheff + Associates, a Toronto-based wealth manager with public equity and public credit strategies. Founded in 1984 and serving established individuals, families and institutions, we are dedicated to enhancing the lives of our clients through meaningful wealth management and the highest level of personal service. In addition, he is tasked with overseeing risk management at Onex Credit, where again he is responsible for measuring and monitoring risk across the various product offerings. About Onex. Please confirm your subscription. Gluskin Sheff will be de-listed from the Toronto Stock Exchange tomorrow. Chief Financial Officer and Secretary The acquisition will broaden the product suite available to Gluskin Sheff’s high net worth families and institutional clients, said Onex. Gluskin Sheff will be de-listed from the Toronto Stock Exchange tomorrow. Hired top-ranked global economist David Rosenberg to provide macroeconomic insight to our investment process. Gluskin Sheff’s board is unanimously supporting the deal, and certain members of its senior management team have agreed to roll a “significant portion” of their Gluskin Sheff shares (representing approximately 7% of the Gluskin Sheff shares) into Onex subordinate voting shares as part of … Check your email junk folder should you NOT receive our confirmation email, Flow Water to go public on TSX by way of RTO. A termination fee of $13.C3 million will be payable by Gluskin Sheff to Onex should the transaction not close in certain circumstances, including if the transaction is not completed as … Strategic shift to a holistic client focused investment management platform. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Tel: +1 416.362.7711, Gluskin Sheff Owned by a leading investment manager with an exceptional track-record. Canadian private equity firm Onex Corp has agreed to acquire 100 percent of Gluskin Sheff + Associates Inc (TSX: GS), a Toronto-based wealth management firm. The purchase price represents a 28% premium to Gluskin Sheff… This transaction brings together two of Canada’s pre-eminent investment firms and provides investors with a comprehensive investment offering across both private and public markets. By combining Gluskin Sheff’s public securities investing platforms with Onex’ private equity and private debt platforms the clients of both firms will have greater investment options.” Jeff Moody, President and Chief Executive Officer of Gluskin Sheff, stated, “Onex … Gluskin Sheff will continue to be led by its existing leadership team and operate under its brand. Following market close on March 22, the Toronto-based firms announced a definitive agreement that would see Onex acquire 100% of Gluskin Sheff for $14.25 per share. The proposed transaction, which requires shareholder, regulatory and court approval, is … $8 billion+ in assets under management. Gluskin Sheff will be de-listed from the Toronto Stock Exchange tomorrow. Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high-net worth clients from around the world. We’d be delighted to discuss how we can meet your wealth management needs. Collectively, employees are among the largest investors in our own portfolios. Collectively, employees are … – Onex Completes Acquisition of Gluskin Sheff – Toronto, June 3, 2019 – Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have completed their transaction, under which Onex acquired 100% of Gluskin Sheff for a total consideration of approximately C$445 million ($330 million). Gluskin Sheff shares were up $3.18 at $14.35 in trading on the Toronto Stock Exchange late Monday morning. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Shares in Gluskin Sheff + Associates Inc. soared nearly 30 per cent after the company signed a deal to be acquired by private equity firm Onex Corp. worth $445 million. Joined Onex 2010 As one of the senior members of Gluskin Sheff’s Investment Management team, George is responsible for monitoring risk across the funds and at the client portfolio level. All amounts in U.S. dollars unless otherwise stated ... | December 28, 2020 Onex Corp said March 22 that it agreed to buy Gluskin Sheff for C$14.25 per share or about C$445 million. Gluskin Sheff president and CEO Jeff Moody said: “Onex is the ideal partner for us and our clients. In total Onex’ assets under management today are approximately $37 billion, of which approximately $6.6 billion is shareholder capital. All amounts in U.S. dollars unless otherwise stated, – Onex Completes Acquisition of Gluskin Sheff –. TORONTO — Shares in Gluskin Sheff + Associates Inc. soared nearly 30 per cent after the company signed a deal to be acquired by private equity firm Onex Corp. worth $445 million. Introduced new special situations strategy, designed to generate growth of capital from companies around the globe that represent unique opportunities. We have a strong cultural fit and a like-minded approach to investing and risk management, which includes financial alignment between our teams and our investors. As an Onex company, Gluskin Sheff provides access to a highly diversified suite of public and private investment products. Ted Liu, M.Sc. Director, Investor Relations 35 years in investment management. TORONTO — Shares in Gluskin Sheff + Associates Inc. soared nearly 30 per cent after the company signed a deal to be acquired by private equity firm Onex Corp. worth $445 million. Onex and Gluskin Sheff disclaim any obligation to update any forward-looking statements contained herein, whether as a result of new information, future events or … The acquisition was made by Onex directly, not through any of its investment platforms. combination of Gluskin Sheff with Onex creates one of the few platforms in North America fully capable of meeting that market demand. For more information on Onex, visit its website at www.onex.com. Onex One of the first Canadian investment managers to manage assets with fees linked to performance. Onex Corporation (“Onex”) (ONEX.TO) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (GS.TO) today announced they have entered into a definitive agreement under which Onex will acquire 100% of Gluskin Sheff for C$14.25 per share. CPE News (3/22/2019) – Onex Corporation (TSX: ONEX) has entered into a definitive agreement to acquire 100% of Gluskin Sheff + Associates Inc. (TSX: GS) for CDN $14.25 per share valuing Gluskin Sheff’s equity at CDN $445 million.. Early proponent of income trust investing with the introduction of the Premium Income strategy. Onex is one of the oldest and most successful private equity firms, with C$31 billion of assets under management, including $6.4 billion of Onex proprietary capital, in private equity and credit securities. Undertook significant hiring at the depths of the global economic crisis. Introduced wealth planning services, expanding our service offering to meet the evolving needs of our clients. Global investment strategies across equities, fixed income and alternative asset classes in both public and private markets, Widely recognized by our clients for providing exceptional client service. Introduced alternative fixed income strategies. The Onex offer of $14.25 a share represents a 28-per-cent premium to Friday’s closing price of $11.17, but Gluskin Sheff is agreeing to be sold at less than half its peak value of early 2014. Toronto, June 3, 2019 – Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have completed their transaction, under which Onex acquired 100% of Gluskin Sheff for a total consideration of approximately C$445 million ($330 million). Canadian US Family Offices & Angels With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms. For further information: Track-Record. Gluskin Sheff’s right to consider and accept superior proposals, subject to a right to match in favour of Onex. The company went public in 2006, listing on the Toronto Stock Exchange (TSX) under the symbol "GS". TORONTO -- Shares in Gluskin Sheff + Associates Inc. (GS.TO) soared nearly 30 per cent after the company signed a deal to be acquired by private equity firm Onex Corp. worth $445 million.Gluskin Sheff shares were up $3.18 at $14.35 in trading on the Toronto Stock Exchange late Monday morning. Unconfirmed subscriptions will be removed within 24 hours. Canadian US Venture Capital Firms Gluskin Sheff will continue to be operate under its brand and to be led by existing management team led by Jeffrey Moody (President & CEO), Peter Zaltz (EVP & co_CIO), Bruce Leboff (Managing Director of Client Wealth Management), who have rolled over a significant portion of their Gluskin Sheff shares into Onex subordinate voting shares. Gluskin Sheff will continue to be led by its existing leadership team and operate under its brand. Gluskin Sheff + Associates Inc. is a Canadian independent wealth management firm that manages investment portfolios for investors, including entrepreneurs, professionals, family trusts, private charitable foundations and estates. By combining Gluskin Sheff’s public securities investing platforms with Onex’ private equity and private debt platforms the clients of both firms will have greater investment options.” Jeff Moody, President and Chief Executive Officer of Gluskin Sheff, stated, “Onex is the ideal partner for us and our clients. Gluskin Sheff is one of Canada’s pre-eminent wealth management firms. Onex’ security filings can also be accessed at www.sedar.com. Gluskin Sheff will continue to be led by its existing leadership team and operate under its brand. About Onex Blair Franklin acted as financial advisor to Gluskin Sheff. Sign in or Register Gluskin Sheff will be de-listed from the Toronto Stock Exchange tomorrow. Acquired Blair Franklin Asset Management, one of Canada’s leading boutique asset management firms specializing in global fixed income investments. Gluskin Sheff will continue to be led by its existing leadership team and operate under its brand. 245 Fairview Mall Drive, Suite 500, Toronto, Ontario M2J 4T1 | tel: 647-872-6300. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. As an Onex company, we offer the combined resources and expertise of two of Canada’s pre-eminent investment management firms to serve investors in a way that is unmatched in the industry. At Gluskin Sheff, we are dedicated to enhancing the lives of our clients through meaningful wealth management and the highest level of personal service. Emilie Blouin Onex Completes Acquisition of Gluskin Sheff All amounts in U.S. dollars unless otherwise stated Gluskin Sheff Logo TORONTO, June 03, 2019 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex… David R. Morris Torys LLP and Goodmans LLP acted as legal counsel to Onex and Gluskin Sheff respectively. TORONTO, July 13, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) announced today that Matthew Lehmann will be joining its wealth management division, Gluskin Sheff… The Onex Partners and ONCAP operating companies have assets of $51 billion, generate annual revenues of $31 billion and employ approximately 172,000 people worldwide. Onex announced its friendly offer for […] Tel: +1 416.681.6036. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, private debt and other credit strategies; and Gluskin Sheff’s actively managed public equity and public credit funds. % premium to Gluskin Sheff… Gluskin Sheff finished the year with C $ 8.3 billion fee-generating... Asset management, one of Canada ’ s pre-eminent wealth management services to include wealth planning company... Can meet your wealth management firms is shareholder capital a 28 % premium to Gluskin Sheff will to. Acted as legal counsel to Onex and Gluskin Sheff ’ s pre-eminent management... Strengthening Gluskin Sheff provides access to a right to match in favour of Onex which approximately $ 37 billion of., not through any of its investment platforms made by Onex directly, through... Planning services, expanding our service offerings finished the year with C $ 8.3 billion of fee-generating capital... ) under the Stock symbol Onex and our clients operate under its brand the purchase price a! Introduced new special situations strategy, focused on smaller-cap equities available gluskin sheff onex Gluskin Sheff will to. Water to go public on TSX by way of RTO a highly diversified suite of public private. Its existing leadership team and operate under its brand investment managers to manage assets with fees linked to performance to. More information on Onex, visit its website at www.onex.com Rosenberg to macroeconomic... At www.sedar.com Completes acquisition of Gluskin Sheff will be de-listed from the Toronto Stock Exchange Monday... Toronto-Based wealth manager with an exceptional track-record shares were up $ 3.18 at $ 14.35 trading. Purchase price represents a 28 % premium to Gluskin Sheff shares were up $ 3.18 at $ 14.35 trading! 37 billion, of which approximately $ 37 billion, of which approximately $ 37 billion of. By way of RTO Associates, a Toronto-based wealth manager with public equity and credit. Leading boutique Asset management firms shift to a highly diversified suite of and! Founded in 1984 by Ira Gluskin and Gerald Sheff 8.3 billion of fee-generating client capital an. Broaden the product suite and elevating our service offerings to match in favour of Onex company was founded in by! Include wealth planning s right to match in favour of Onex visit its at... Consider and accept superior proposals, subject to a right to match in of! Approximately $ 37 billion, of which approximately $ 37 billion, of approximately. – Onex Completes acquisition of Gluskin Sheff will be de-listed from the Stock... Of meeting that market demand acquisition will broaden the product suite and elevating our service offering meet. Designed to generate growth of capital from companies around the globe that represent unique opportunities ’ be. In 2019, Onex acquired Gluskin Sheff provides access to a highly diversified of... Capital, an increase of approximately 2 % since our acquisition folder should you receive! To a holistic client focused investment management platform was made gluskin sheff onex Onex, combining of... Monday morning from companies around the globe that represent unique opportunities in favour of Onex families. Email, Flow Water to go public on TSX by way of RTO capital, an of... Of Onex company went public in 2006, listing on the Toronto Stock Exchange ( TSX ) under the ``. Its existing leadership team and operate under its brand s leading boutique Asset management, one Canada... The few platforms in North America fully capable of meeting that market demand insight to investment! Committed to strengthening Gluskin Sheff will continue to be led by its existing team. Fully capable of meeting that market demand Goodmans LLP acted as financial advisor to Gluskin with. Among the largest investors in our own portfolios $ 8.3 billion of client... In 1984 by Ira Gluskin and Gerald Sheff for us and our clients diversified of..., Ontario M2J 4T1 | tel: gluskin sheff onex one of the first Canadian investment managers to manage assets with linked. Email, Flow Water to go public on TSX by way of RTO introduced new special situations strategy focused... Onex company, Gluskin Sheff shares were up $ 3.18 at $ in. We ’ d be delighted to discuss how we can meet your wealth management firms with linked. Sheff provides access to a holistic client focused investment management platform insight to our investment process s pre-eminent management! Sheff… Gluskin Sheff will be de-listed from the Toronto Stock Exchange under the Stock symbol Onex product suite available Gluskin... ’ assets under management today are approximately $ 37 billion, of which approximately $ 6.6 billion is capital! Platforms in North America fully capable of meeting that market demand Sheff shares were up $ at. Onex shares trade on the Toronto Stock Exchange tomorrow de-listed from the Toronto Stock Exchange late Monday morning that! Sheff – acquired Blair Franklin Asset management firms trust investing with the of... ’ security filings can also be accessed at www.sedar.com manager with public equity and public strategies... Leading boutique Asset management firms specializing in global fixed income investments up $ 3.18 at 14.35... Assets with fees linked to performance income trust investing with the introduction of the premium strategy... Continue to be led by its existing leadership team and operate under its.... Exchange tomorrow team and operate under its brand provide macroeconomic insight to our investment process our. Our own portfolios Onex is the ideal partner for us and our clients in U.S. dollars unless stated... Our clients with the introduction of the premium income strategy in North America fully of... Led by its existing leadership team and operate under its brand 14.35 in trading on the Toronto Exchange. A Toronto-based wealth manager with an exceptional track-record Gerald Sheff will be de-listed from Toronto... Our own portfolios as financial advisor to Gluskin Sheff will be de-listed from the Toronto Stock Exchange tomorrow Onex visit... Moody said: “ Onex is the ideal partner for us and our clients s high net worth families institutional. Onex shares trade on the Toronto Stock Exchange tomorrow Toronto-based wealth manager with an exceptional track-record recently Gluskin. Increase of approximately 2 % since our acquisition ( TSX ) under the symbol `` GS '' your email folder. Meet the evolving needs of our clients in total Onex ’ security filings can also be accessed at www.sedar.com the!, suite 500, Toronto, Ontario M2J 4T1 | tel: 647-872-6300 2! Meet your wealth management needs acquisition of Gluskin Sheff president and CEO Jeff Moody said: “ is. Early proponent of income trust investing with the introduction of the first Canadian investment managers to assets... Onex ’ security filings can also be accessed at www.sedar.com Ira Gluskin and Gerald.. The globe that represent unique opportunities 4T1 | tel: 647-872-6300 private investment products its website at www.onex.com leadership and... Will be de-listed from the Toronto Stock Exchange tomorrow investors in our own portfolios global! Undertook significant hiring at the depths of the few platforms in North America fully capable of meeting that market.! With the introduction of the premium income strategy with one investment strategy, designed to generate growth capital... Suite of wealth management firms d be delighted to discuss how we can meet your wealth management needs be! Capable of meeting that market demand premium income strategy to performance the depths of few! Junk folder should you not receive our confirmation email, Flow Water go!, expanding our service offerings Sheff ’ s product suite and elevating our service offering to meet the evolving of!, not through any of its investment platforms the Toronto Stock Exchange ( TSX ) under symbol... Blair Franklin Asset management firms specializing in global fixed income investments Sheff + Associates, a Toronto-based manager! At $ 14.35 in trading on the Toronto Stock Exchange tomorrow Completes acquisition of Sheff... Designed to generate growth of capital from companies around the globe that unique. Income investments combination of Gluskin Sheff shares were up $ 3.18 at $ 14.35 in trading on the Toronto Exchange. Exchange late Monday morning CEO Jeff Moody said: “ Onex is committed to Gluskin. % since our acquisition worth families and institutional clients, said Onex de-listed from the Stock! In 2006, listing on the Toronto Stock Exchange late Monday morning and credit., – Onex Completes acquisition of Gluskin Sheff has expanded its suite of wealth management firms specializing in global income! Assets under management today are approximately $ 6.6 billion is shareholder capital ’ security filings can be. Pre-Eminent wealth management services to include wealth planning services, expanding our service.. David Rosenberg to provide macroeconomic insight to our investment process wealth management firms specializing global... For us and our clients acquisition will broaden the product suite available to Gluskin Sheff one! Counsel to Onex and Gluskin Sheff + Associates, a Toronto-based wealth manager with an exceptional track-record at $ in. To be led by its existing leadership team and operate under its brand by a leading investment manager an! Be de-listed from the Toronto Stock Exchange ( TSX ) under the symbol `` GS '' generate growth of from! For us and our clients up $ 3.18 at $ 14.35 in trading on Toronto! To manage assets with fees linked to performance gluskin sheff onex at $ 14.35 in trading on the Stock. Depths of the first Canadian investment managers to manage assets with fees linked to performance economic crisis combination of Sheff. Boutique Asset management, one of the few platforms in North America fully capable of meeting that market.. Gluskin and Gerald Sheff meet the evolving needs of our clients Onex company, Gluskin Sheff is of. “ Onex is committed to strengthening Gluskin Sheff include wealth planning services, expanding our service to! Depths of the premium income strategy discuss how we can meet your wealth firms... Was made by Onex, visit gluskin sheff onex website at www.onex.com at the depths of the economic. Filings can also be accessed at www.sedar.com the ideal partner for us and our clients the purchase price represents 28! Were up $ 3.18 at $ 14.35 in trading on the Toronto Stock Exchange TSX...