Onex looks to sell The Warranty Group - Reuters

Canadian private equity firm Onex Corp (OCX.TO) is preparing to sell The Warranty Group, a provider of extended warranty contracts, which is expected to fetch more than US$1 billion, two people familiar with the matter told Reuters this week. Onex bought the company from insurance broker Aon Corporation in 2006 for US$710 million. Onex put around US$510 million of equity into the deal, which also saw the Warranty Group's management participate with a substantial investment.

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