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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Private Equity
Onex Sells RSI Stake for $323M

The PE firm made a $318M equity investment in October 2009

Onex Corp. (TSX: OCX) has completed the sale of its 50 percent stake in RSI Home Products to RSI for $323 million.

The private equity firm made a $318 million preferred equity investment in RSI in October 2008. Including prior distributions, the company made $186 million in proceeds on the deal.

RSI, headquartered in Anaheim, Calif., manufactures kitchen and bathroom products, such as vanities and cabinets.

Toronto-based Onex has about $15 billion in assets under management.

Joel Greenberg, Louis Tuchman and Peter Danias from Kay Scholer provided legal counsel to Onex for the deal. 

In January, Onex bought a 50 percent stake in aircraft company BBAM LLC for $165 million. In December, the company bought Bradshaw International, a company that makes cookware. 

 

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