Onex sets new targets, modest expectations for coming years in slow market for private equity

and cut back its expenses. If it meets the new targets, the value of its investing capital would increase at a rate that is comparable to or slightly better than its performance over the last five years, according to chief financial officer Chris Govan.

Nigel Wright, senior managing partner for flagship private equity fund Onex Partners, said there are “an enormous number of broken deals” in the current market because buyers and sellers are unable to agree on what companies are worth. Mr. Le Blanc said it “is on the cusp of scalability and earnings growth” and has the potential to grow “for years to come.” The credit strategy is a key plank in an attempt to raise the value shareholders ascribe to the company by generating a steadier stream of earnings from fees.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Onex CEO Says Fundraising Is Toughest PE Industry Has Ever SeenRaising money for large private equity funds is the “most difficult the industry has ever seen” as it contends with higher interest rates and tighter liquidity, Onex Corp. Chief Executive Officer Bobby Le Blanc said.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »