Onex Partners V Makes Majority Investment in Newport Healthcare

Newport Healthcare (Onex) Acquires PrairieCare

November 30, 2020

Healthcare Services

Newport Healthcare, a portfolio company of Onex Corporation, has acquired PrairieCare, a Minnesota-based psychiatric health system. The transaction is an add-on to Newport's behavioral health platform and will expand its residential and outpatient mental health services in the Twin Cities and surrounding markets.

Newport Healthcare Acquires PrairieCare

November 30, 2022

Healthcare Services

Newport Healthcare has completed the acquisition of Minnesota-based PrairieCare to expand access to mental health treatment for youth and adults and to strengthen Newport's presence in Minnesota and the Midwest. PrairieCare operates nine locations across Minnesota offering inpatient and outpatient psychiatric services, IOPs, PHPs, and residential care.

Onex Partners V Makes Equity Investment in Wealth Enhancement Group

October 1, 2021

Financial Services

Onex Partners V, together with certain co-investors including Onex Corporation, completed an equity investment in Wealth Enhancement Group (WEG), joining existing investor TA Associates as equal capital partners. The transaction (Onex's share ~US$250 million) will support WEG's next stage of organic growth and M&A expansion while the firm remains privately held under its existing management team.

Onex Partners Invests in Analytic Partners

February 8, 2022

Data & Analytics

Onex Partners V, the private equity platform of Onex Corporation, has agreed to make a significant growth investment in Analytic Partners, a cloud-based marketing measurement and optimization software provider headquartered in Miami. The investment, made in partnership with Analytic Partners' founder Nancy Smith, is intended to accelerate the company's technology leadership, innovation and geographic/end-market expansion.

Onex Acquires Majority Stake in OneDigital from New Mountain Capital

October 8, 2020

Insurance

Onex Corporation (the Onex Group) agreed to acquire a majority ownership stake in OneDigital from New Mountain Capital, with the transaction valuing OneDigital at $2.65 billion and including an approximate $960 million equity investment by Onex. OneDigital, a leading U.S. employee benefits brokerage and retirement/wealth advisory firm headquartered in Atlanta with more than 2,000 employees, will have Onex and employees owning roughly 83% upon closing; New Mountain will sell down its position. The deal is expected to close in late 2020 pending customary approvals, including HSR clearance.

Onex Partners V Acquires Tes Global from Providence Equity Partners

December 7, 2021

Education

Onex Corporation, through its Onex Partners V fund, has agreed to acquire Tes Global from Providence Equity Partners; Tes management will reinvest alongside Onex. Tes is a London-based education technology provider powering school and teacher products (staff management, safeguarding & compliance, pupil & learning management) and employs over 500 people across multiple offices worldwide. The deal is expected to close in Q1 2022 and financial terms were not disclosed.