Onex Partners Announces Secondary Sale of SIG Combibloc

Nachrichtenquelle: globenewswire
04.08.2020, 07:15  |  116   |   |   

All amounts in U.S. dollars unless otherwise stated

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) and its affiliated funds (the “Onex Group”) today announced they sold approximately 32.0 million shares of SIG Combibloc Group (“SIG”) (SIX: SIGN), a leading systems and solutions provider for aseptic carton packaging.

At the placement price of CHF 15.50 per share, gross proceeds to the Onex Group will be approximately $540 million, of which Onex’ share will be approximately $190 million as a Limited Partner in Onex Partners IV and as a co-investor.  The Onex Group will continue to hold approximately 32.3 million shares of SIG for an interest of 10%, of which Onex’ share will be approximately 11.4 million shares for a 4% interest.

The placement, which was made through an accelerated bookbuilding process to institutional investors, is expected to close on August 6, 2020, 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.

This announcement is not an offer of securities for sale in or into the United States.  The shares of SIG have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the laws of any State of the United States and may not be offered or sold in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.  No public offering of securities will be made in the United States.

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