Onex completes $1.5 bln sale of Warranty Group to TPG
Canadian private equity firm Onex Corp has closed its sale of The Warranty Group to U.S. private equity firm TPG Capital for around US$1.5 billion. Based in Chicago, Warranty Group provides extended warranty contracts for an array of consumer goods. It also provides credit insurance and other specialty insurance products. Update: Onex acquired the company in 2006 and has since received proceeds of around US$1.53 billion. This gave Onex a multiple of invested capital of approximately 3.1 times and a 19 percent rate of return.
4 August 2014•2 mins read
