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Gerry Schwartz, CEO of Onex Corp.
Gerry Schwartz, CEO of Onex Corp.
(J.P. Moczulski/The Canadian Press)

With no deals in sight, Onex focuses on growth

Gerry Schwartz’s private equity giant Onex Corp. wants to do deals, but it’s facing a tepid market. So, for now, the big focus will be on growing businesses the firm has recently acquired.

At the company’s annual investor day Thursday, executives discussed changes in the private equity space over the last few decades, noting there is a lot more money in the marketplace chasing transactions today than there was when the company was started, and players are willing to take lower prices to deploy their capital.