Onex Partners Announces Secondary Sale of SIG Combibloc

All amounts in U.S. dollars unless otherwise stated
TORONTO, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Onex Corporation (a??Onexa??) (TSX: ONEX) and its affiliated funds (the a??Onex Groupa??) today announced they sold approximately 31.4 million shares of SIG Combibloc Group (a??SIGa??) (SIX: SIGN), a leading systems and solutions provider for aseptic carton packaging.At the placement price of CHF 13.30 per share, gross proceeds to the Onex Group will be approximately $422 million, of which Onexa?? share will be approximately $148 million as a Limited Partner in Onex Partners IV and as a co-investor. The Onex Group will continue to hold approximately 101.8A million shares of SIG for an interest of 32%. Onex will continue to hold approximately 35.8A million shares for a 11% interest.The placement, which was made through an accelerated bookbuilding process to institutional investors, is expected to close on November 18, 2019, subject to customary closing conditions.This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of these securities in the United States, Australia, Canada or Japan or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification or the publication of a prospectus under the securities laws of any such jurisdiction. The securities may not be offered or sold in the United States absent registration or an applicable exemption from United States registration requirements. No public offer of securities is to be made in the United States, Australia, Canada or Japan. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law.
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