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Onex Mourns the Passing of Nigel S. Wright

MWN-AI** Summary

Onex Corporation (TSX: ONEX) announced with deep sorrow the passing of Nigel S. Wright on September 30, 2025. Wright, who joined Onex in 1997, served as the Co-Head of Onex Partners and was a pivotal figure for the company, particularly in expanding its European operations after relocating to the UK in 2014. His nearly three-decade tenure at Onex was marked by his commitment to the firm's values and an unwavering dedication to its employees.

In a heartfelt statement, Onex President and CEO Bobby Le Blanc expressed the profound sense of loss felt within the organization, describing Wright as a "consummate gentleman" and a standard-bearer of professionalism. Le Blanc emphasized the admiration and affection with which Wright was regarded by his colleagues, highlighting how much he would be missed.

Gerry Schwartz, Chairman of Onex, reflected on Wright's remarkable investment acumen and exceptional leadership qualities, accentuating the contrast between his significant achievements and his humble nature. Schwartz noted that Wright's impact extended beyond the corporate sphere; through his charitable endeavors and civic engagement, he influenced numerous organizations and individuals, creating a legacy of kindness and generosity.

Onex Corporation, established in 1984, operates as an investor and asset manager, focusing on creating value for its shareholders and clients globally. With a proven track record and a dedicated management team, Onex has positioned itself as a major player in the investment landscape. The company's shares are listed on the Toronto Stock Exchange, symbolized as ONEX.

Wright's legacy will surely endure, remembered not only for his professional contributions but also for the lasting impact of his philanthropy and community service.

MWN-AI** Analysis

The passing of Nigel S. Wright is a significant moment for Onex Corporation (TSX: ONEX) and raises important considerations for investors and stakeholders examining the firm's future trajectory. Wright's legacy within Onex as Co-Head of Onex Partners highlighted his pivotal role in expanding the firm's presence, particularly in Europe. His deep expertise and leadership were key factors contributing to Onex's growth and development over nearly three decades.

Investors may want to assess how Onex plans to transition leadership and maintain its strategic direction following Wright's departure. With a long-standing history and a commitment to professional values, Onex's ability to navigate this transition period will be critical. It will be imperative for the management team to reassure shareholders about continuity in investment strategy and risk management approaches.

Looking ahead, market analysts should consider Onex's performance relative to other asset management firms, particularly as competition increases in the investment landscape. As investors, it would be wise to monitor Onex's upcoming earnings reports, management interviews, and strategic plans that may signal how the firm will mitigate any potential disruptions following Wright's death.

Additionally, the company's ongoing charitable initiatives—an aspect highlighted by Wright's personal commitments—could enhance its brand reputation and foster goodwill among consumers and investors alike. Firms recognized for their corporate social responsibility often experience favorable sentiment, which can lead to investor loyalty during market fluctuations.

Overall, while the loss of Nigel S. Wright is a somber turn for Onex, the company has a robust operational history and a strong executive team. Investors should remain informed about forthcoming developments that could directly influence stock performance and strategic direction, leveraging this news as an opportunity for deeper analysis into Onex's operational resilience and future potential.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

TORONTO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- With profound sadness, Onex Corporation (TSX: ONEX) today announced the passing of Nigel S. Wright.

Mr. Wright was the Co-Head of Onex Partners, one of Onex’ longest tenured employees and a recognized leader in the investment and business communities. He joined Onex in 1997 and moved to the United Kingdom in 2014 where he was instrumental in establishing the firm’s London office and growing its European footprint. In his personal life, he was committed to public service and devoted himself generously to charitable endeavors and volunteer work that will have a lasting impact.

“Our hearts are heavy as we mourn the loss of our cherished colleague and friend, Nigel,” said Bobby Le Blanc, President and CEO. “He was the consummate gentleman who set the standard for professionalism. Over nearly three decades with Onex, he was committed to its values, its culture, and most of all its people, who regarded him with deep admiration and affection. We will miss him dearly.”

“Nigel was a remarkably astute investor, an outstanding leader and an even more exceptional individual,” said Gerry Schwartz, Chairman. “His professional and personal achievements may seem at odds with a man who was so humble and selfless with his time and resources. His passing is a loss not just for Onex but for anyone who had the privilege to know him. I take comfort in knowing that his legacy will carry on through the many enterprises, foundations, charities and individuals who benefited from his kindness and generosity.”

About Onex

Onex is an investor and asset manager that invests capital on behalf of its shareholders and clients across the globe. Formed in 1984, Onex has a long track record of creating value and its experienced management teams are collectively the largest investors across Onex’ platforms. Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information, visit www.onex.com . Onex’ security filings can also be accessed at www.sedarplus.ca .

Contacts:
Jill Homenuk
Managing Director – Shareholder
Relations and Communications
Tel: +1 416.362.7711
Zev Korman
Vice President, Shareholder
Relations and Communications
Tel: +1 416.362.7711

FAQ**

How might the passing of Nigel S. Wright impact the strategic direction of ONEX Corporation Subordinate Voting Shares ONEX:CC in the short and long term?

The passing of Nigel S. Wright could lead to short-term uncertainty in ONEX Corporation's strategic direction due to leadership transition, while in the long term, it may prompt a reevaluation of business strategies and priorities to align with new leadership vision.

What measures is ONEX Corporation putting in place to ensure continuity in leadership and investment strategy following the loss of Nigel S. Wright, who significantly shaped ONEX:CC?

ONEX Corporation is implementing a robust succession plan and reinforcing its investment committee structure to ensure continuity in leadership and investment strategy after Nigel S. Wright's departure, while emphasizing its long-term vision and commitment to stakeholders.

How does ONEX Corporation plan to honor Nigel S. Wright's legacy within the organization and the broader investment community, particularly concerning ONEX:CC?

ONEX Corporation aims to honor Nigel S. Wright's legacy by continuing his commitment to excellence and integrity in investment practices, fostering innovation, and enhancing stakeholder relationships, while leveraging ONEX:CC as a platform for sustainable growth and development.

What are the potential implications for shareholders of ONEX Corporation Subordinate Voting Shares ONEX:CC in light of recent leadership changes and the firm's ongoing commitment to its values?

Recent leadership changes at ONEX Corporation, combined with its ongoing commitment to core values, could lead to enhanced strategic direction and operational focus, potentially increasing shareholder value, while also introducing uncertainties that may affect investor confidence.

**MWN-AI FAQ is based on asking OpenAI questions about Onex Corp. (OTC: ONEXF).

Onex Corp.

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