Onex confirms plans to buy York Risk Services for $1.3 bln
Canadian private equity firm Onex Corp has confirmed that it plans to acquire York Risk Services Group Inc, a provider of risk management, claims management and managed care services, from U.S. private equity firm ABRY Partners. The deal, priced at US$1.325 billion, was anticipated in a report by Reuters earlier this week. Onex Partners III LP, certain limited partners as co-investors, including Onex, and York’s management team will contribute to an equity investment of approximately $560 million. ABRY made a majority investment in the Parsippany, New Jersey-based company in late 2010. In May, Onex wrapped up its fourth partnership, Onex Partners IV LP, at US$5.15 billion.
16 July 2014•3 mins read
