Onex Acquires Novacap's Laces Group

Onex Corporation has acquired Laces Group, a provider of home fashions operating under the Maytex and Banyo–Decolin brands, with offices in New York, Montreal, and China. The deal was made in partnership with Laces Group's current management team. The company has been backed by Fondaction and Novacap since 2014. Financial terms were not disclosed; however, the investment was made by ONCAP IV, Onex's US$1.1 billion fund.

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