Onex to sell shares as part of SIG Combibloc's public debut

Canadian private equity firm Onex Corp has taken SIG Combibloc Group AG public on the SIX Swiss Exchange. SIG, a Swiss provider of aseptic carton packaging solutions for the food and beverage industry, priced its shares at 11.25 Swiss francs per unit. Reuters reported the company is expected to raise 1.49 billion francs (US$1.53 billion) before the initial public offering (IPO)'s greenshoe option. Onex, which acquired SIG in 2015, is selling shares as part of the IPO. Its proceeds will be about US$300 million, excluding the greenshoe. Onex will continue to hold a 57 percent interest.

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