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This content is a press release from our partner Globe Newswire. The AP newsroom and editorial departments were not involved in its creation.

João Pedro Silva Joins Onex to Lead Group Procurement

February 27, 2019

All amounts in U.S. dollars unless otherwise stated

TORONTO, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) today announced João Pedro Silva has joined Onex as Managing Director – Group Procurement in its New York office. Mr. Silva will be responsible for driving operations, procurement and supply chain excellence across Onex’ portfolio companies. He will also support related due diligence activity at Onex.

“Onex has a long history of successfully driving cost-saving initiatives at its portfolio companies. Building our in-house group procurement expertise will help to further enhance our investment returns and deepen our diligence proficiency,” said Don Lewtas, a Managing Director with Onex. “João Pedro has extensive experience with large-scale corporate transformations and turnarounds, as well as due diligence and post-acquisition value creation for private equity-owned companies. We’re excited to have him on our team.”

Prior to joining Onex, Mr. Silva worked at Bain & Company in the Dallas, Boston and Madrid offices. Mr. Silva holds an M.B.A. from the Kellogg School of Management at Northwestern University and a B.S. in Economics from the Nova School of Business and Economics in Portugal.

About OnexOnex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. Onex has more than $33 billion of assets under management, including $6.9 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex and the team are collectively the largest investors across Onex’ platforms.

Onex’ businesses have assets of $52 billion, generate annual revenues of $32 billion and employ approximately 218,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

For further information:Emilie BlouinDirector, Investor RelationsTel: +1.416.362.7711