ONEXF - Onex expands credit platform with Falcon Investment acquisition
Onex Corp. (ONEXF) acquires Falcon Investment Advisors, a U.S. private credit manager, to expand its credit platform and solidify its market position in tradeable, opportunistic, and private credit.Terms of the deal weren't disclosed.Falcon provides private credit financing solutions and has $3.8B of assets under management as of Sept. 30, 2020. With this transaction, Onex Credit will have more than $16B of alternative credit AUM.The combined platform merges Falcon’s specialized private credit investing with the scale, global distribution, and diverse investment and origination capabilities of Onex Credit and the broader Onex franchise.Previously: Onex to make a majority investment in OneDigital, a U.S. provider of employee benefits, insurance brokerage, and retirement consulting services.
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Onex expands credit platform with Falcon Investment acquisition