Caterair was sold by Carlyle to the Canadian private equity firm, Onex Corporation, in September 1995 which merged it with its other acquisition LSG/Sky Chef.
In June 2002 Onex Corporation and Oaktree Capital Management acquired Cinemex for $300m and two years later sold it to The Carlyle Group, Bain Capital and Spectrum, investment funds corporations, each having a seat in Cinemex's board.
The Tropicana Las Vegas, which had a $440 million secured loan against it, emerged from bankruptcy in July 2009 as a separate company led by Canadian private equity firm Onex and former MGM Mirage president Alex Yemenidjian.
Onex, in December of 2012, acquired 50% of FLY's portfolio manager BBAM and invested $75 million into FLY.
Onex Corporation completed the acquisition of Nielsen Expositions on June 17, 2013.
In January 2007, Onex signed a deal to acquire Eastman Kodak's medical imaging unit, including a Kodak factory in White City, Oregon.
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In January 2007, Onex signed a deal to acquire the Raytheon Aircraft Company from Raytheon (forming Hawker Beechcraft).
Shortly after he became CEO, American Airlines and Onex initiated a hostile takeover bid for Air Canada, which Milton helped to successfully defeat.
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The consortium, comprising Texas Pacific Group, Macquarie Bank, Allco Finance Group, Allco Equity Partners and Onex Corporation, was structured to comply with strict Australian ownership laws for Qantas (which must be at least 51% owned by Australians).