Onex acquired Gluskin Sheff + Associates for C$445m.

Onex, a private equity and credit investor and manager, acquired Gluskin Sheff + Associates, a Canadian independent wealth management firm, for C$445m. The C$14.25 per share offer represents a 28% premium to Gluskin Sheff’s closing share price on March 22, 2019. “Gluskin Sheff is one of the largest and most respected independent wealth management firms in Canada, serving high net worth families and institutional investors, with a strong long-term track-record of risk-adjusted investment returns and outstanding client service. 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,” Gerry Schwartz, Onex Chairman and Chief Executive Officer.