Onex Announces Senior Promotions

TORONTO, ONTARIO--(Marketwired - Dec. 15, 2014) - All amounts in U.S. dollars unless otherwise stated

Onex Corporation ("Onex") (TSX:OCX) today announced the promotion of two senior investment professionals. Effective January 1, 2015, the appointments of Matthew Ross and Manish Srivastava to Managing Director are in recognition of their contributions to Onex and further strengthens the firm's senior team.

Mr. Ross joined Onex in 2006 and has worked on numerous Onex investments, including Husky International, RSI Home Products, Tomkins and JELD-WEN. Mr. Ross manages the firm's efforts in the retail, restaurant and building products industries from the New York office. Prior to joining Onex, Mr. Ross worked at Brown Brothers Harriman & Co. and DB Capital Partners. He holds an M.B.A., Finance from The Wharton School of the University of Pennsylvania and a B.A. from Amherst College.

Mr. Srivastava joined Onex in 2004 and has worked on numerous Onex investments, including TMS International, Allison Transmission and Tomkins. Mr. Srivastava manages the firm's efforts in the chemicals and industrial services sectors from the Toronto office. Prior to joining Onex, Mr. Srivastava worked at Greenhill & Co. and J.P. Morgan in New York. He holds a B.A., Economics from McGill University.

About Onex

With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit Partners, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. The Company has approximately $20 billion of assets under management, including $5.9 billion of Onex capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its Funds.

Onex' businesses have assets of $29 billion, generated annual revenues of $22 billion and employed approximately 200,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company's security filings can also be accessed at www.sedar.com.