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News  ›  Benzinga

Onex Announces Transformational Investment and New Strategic Relationship to Drive Enterprise Growth and Shareholder Value

Benzinga Logo Benzinga • •By Globe Newswire
Onex Announces Transformational Investment and New Strategic Relationship to Drive Enterprise Growth and Shareholder Value

Onex and AIG are jointly acquiring Convex, a specialty property and casualty (re)insurer, for $7 billion. AIG will also acquire a 9.9% equity stake in Onex and commit $2 billion to Onex' private equity and credit strategies.

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AIG   positive

Gaining strategic investment in Convex, acquiring equity stake in Onex, and expanding investment opportunities