Twitter LinkedIn
    Tuesday, August 9
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Private Equity»Onex reports Q4 profit up, helped by private equity and credit investment gains
    Private Equity

    Onex reports Q4 profit up, helped by private equity and credit investment gains

    February 27, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Onex Corp. reported its fourth-quarter profit rose compared with a year ago, helped by gains in its private equity and credit investments. The Toronto-based private equity manager, which keeps its books in U.S. dollars, says it earned a net profit of US$597 million or $6.61 per diluted share for the quarter ended Dec. 31.

    The result compared with net earnings of US$187 million or $1.86 per diluted share in the fourth quarter of 2019. Onex reported segment net earnings – which exclude certain items – of US$708 million or US$7.72 per diluted share for its fourth quarter, up from US$211 million or $2.04 per diluted share a year earlier.

    Onex manages and invests money on behalf of its shareholders, institutional investors and high net worth clients. It also owns wealth management firm Gluskin Sheff.

     

    Read More

    Source: BNN Bloomberg

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Investments Private Equity Firms Profits
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    New Warburg Pincus investment values MRL at $2.25B

    August 8, 2022

    BlackRock to offer Crypto for Institutional Investors through Coinbase

    August 8, 2022

    KKR forms strategic alliance with Loop Capital to offer equity research and distribution capabilities

    August 4, 2022

    Carlyle and GIC invest in Eneus Energy

    August 4, 2022

    Comments are closed.

    Other Articles

    Sky9 Capital portfolio company TuSimple lists on Nasdaq at USD8.49bn market capitalisation

    April 16, 2021

    Russian billionaire sells Morrison Hotel to UK-based private equity firm

    May 17, 2021

    German chip chemical supplier to spend $1 bln in U.S., pairs with Palantir on supply chain data

    December 8, 2021

    India’s top court bars final tribunal ruling on Future’s $3.4 billion deal

    February 23, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?