Onex completes exit from Spirit AeroSystems
Canadian private equity firm Onex Corp has sold its remaining stake, totaling 8.4 million shares of common stock, in Spirit AeroSystems Holdings Inc (NYSE:SPR). Based in Wichita, Kansas, Spirit AeroSystems is a global supplier of large component parts and assemblies for commercial aerostructures. It went public in November 2006. Update: Onex bought the company for US$950 million in 2005. Since then, Onex has received aggregate proceeds of about US$3.2 billion, resulting in a multiple of capital invested of approximately 8.5 times and a return on investment of 201% per annum.
8 August 2014•2 mins read
