On June 30, 2011, Onex Corporation (TSX: OCX) and its affiliates (the Onex Group) announced the completion of its previously announced agreement to sell Husky International to Berkshire Partners and OMERS Private Equity for US$2.1 billion.
The Onex Group acquired Husky with an equity investment of approximately US$622 million in December 2007.
Financing was provided by certain affiliates of Goldman, Sachs & Co., including its principal mezzanine fund, Morgan Stanley Senior Funding, RBC Capital Markets and TD Securities Inc. TD Securities Inc. and BMO Capital Markets acted as financial advisors.
Onex, headquartered in Toronto, is one of North America's leading investment firms. It focuses on investing its active ownership approach of acquiring and building businesses in partnership with management teams.
Husky International, headquartered in Bolton, Ontario, is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices that support customers in over 100 countries. Husky's manufacturing facilities are located in Canada, the United States, Luxembourg and China.
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