Onex to see $418 mln in proceeds from Jeld-Wen secondary sale

Jeld-Wen Holding Inc (NYSE: JELD) has priced a secondary offering of 14 million common shares by certain investors, including Canadian private equity firm Onex Corp. Onex, which invested in the company in 2011, said it expects to see about US$418 million in gross proceeds, not including proceeds generated via the offering's greenshoe option. The firm will continue to have an economic interest in Jeld-Wen of 47 percent. Jeld-Wen, a Charlotte, North Carolina-based maker of doors and windows, completed its initial public offering earlier in 2017. Onex recently launched fundraising for Onex Partners V at a US$6.5 billion target.

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