Onex completessale 50 pc interest in RSI

Onex completes the sale of 50 pc interest in RSI

4:29 AM, 25th February 2013
Onex completes the sale of 50 pc interest in RSI

TORONTO, CANADA: Onex Corporation and its affiliates announced the completion of the sale of their 50 per cent interest in RSI Home Products for $323 million.  The Onex Group made a $318 million preferred equity investment in RSI in October 2008. The Onex Group has received proceeds of $471 million, including prior distributions, which results in a multiple of invested capital of approximately 1.5 times and an 11 per cent rate of return. Onex’ portion of the proceeds is $186 million, including the prior distributions.

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