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Onex targets $1bn OneDigital continuation fund

privateequitywire

1 month ago

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Private investment firm Onex is seeking to raise around $1bn for a single-asset continuation fund to extend its ownership horizon in insurance brokerage and benefits advisory firm OneDigital, according to a report by Bloomberg.
The Toronto-based investor, working with Evercore as adviser, is exploring the continuation vehicle as a way to maintain a minority stake in OneDigital following a partial exit last year. Onex had originally acquired a majority position in 2020 before selling down most of...

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