GlobeNewswire Inc | Mar 3, 2021 05:00PM EST

March 03, 2021

All amounts in U.S. dollarsunless otherwise stated

TORONTO, March 03, 2021 (GLOBE NEWSWIRE) -- Onex Corporation (Onex) (TSX: ONEX) today announced Onex Partners III (the Fund) and certain co-investors, including Onex (the Onex Group), have completed the sale of 8 million shares of JELD-WEN Holding, Inc. (JELD-WEN) (NYSE: JELD) common stock at a price of $28.61 per share. JELD-WEN is one of the world's largest door and window manufacturers.

Gross proceeds to the Onex Group will be approximately $229million, of which Onex share will be approximately $57million as a Limited Partner in the Fund and as a co-investor. The Onex Group will continue to hold approximately 24.9million shares of JELD-WEN for an economic interest of approximately 25%, of which Onex share will be approximately 6.2million shares for an approximately 6% economic interest.

On March 1, 2021, a registration statement including a prospectus, (File No. 333- 253702) was filed with the U.S. Securities and Exchange Commission (the "SEC") relating to these securities, which registration statement became effective upon such filing was declared effective by the Securities and Exchange Commission. Copies of these documents are available free of charge by visiting the SECs EDGAR service on the SEC website at www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state orjurisdiction.

About Onex Founded in 1984, Onex manages and invests capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex platforms include: Onex Partners, private equity funds focused on mid- to large-cap opportunities in North America and Western Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through tradeable, private and opportunistic credit strategies; and Gluskin Sheffs wealth management services including its actively managed public equity and public credit funds. In total, as of December 31, 2020, Onex has approximately $44billion of assets under management, of which approximately $6.8billion is its own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex platforms.

The Onex Partners and ONCAP businesses have assets of $40 billion, generate annual revenues of $22 billion and employ approximately 147,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex security filings can also be accessed at www.sedar.com.

Forward-Looking Statements This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as believes, expects, potential, anticipates, estimates, intends, plans and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For Further Information: Jill Homenuk Managing Director Shareholder Relations and Communications Tel: +1 416.362.7711