ONEX Earnings Call: Strategic Moves and Growth Prospects
ONEX Corporation's Q3 earnings call highlighted a strategic transformation through the acquisition of a 63% stake in Convex and a $2 billion partnership with AIG. The credit segment outperformed expectations, raising $10.7 billion in assets, while private equity realizations were strong despite losses in Onex Partners IV. The company anticipates $500 million in liquidity post-acquisition, which is tight but manageable. Overall, the sentiment is positive, with expectations for long-term growth and enhanced shareholder value driven by these strategic moves.
Tip Ranks·
