Onex Acquires Convex Group Limited in Partnership with AIG
February 6, 2026
Onex Corporation completed its previously announced $7 billion acquisition of Convex Group Limited, making Convex a core platform for Onex alongside its private equity and credit strategies. American International Group (AIG) co-invested, taking about a 35% stake in Convex and subscribing for a 9.9% holding in Onex, alongside committing $2 billion to Onex-managed private equity and credit strategies over the next three years.
- Buyers
- Onex Corporation, American International Group, Inc. (AIG)
- Targets
- Convex Group Limited
- Industry
- Insurance
- Location
- United Kingdom
- Transaction Type
- Buyout
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