Onex Appoints Amir Motamedi to Managing Director

TORONTO, ONTARIO--(Marketwired - Jan. 9, 2017) - Onex Corporation ("Onex") (TSX:ONEX) today announced the promotion of Amir Motamedi to Managing Director. Mr. Motamedi joined Onex in 2006 and has worked on numerous Onex investments, including Clarivate Analytics, Advanced Integration Technology, BBAM and Emerald Expositions. As a Managing Director, Mr. Motamedi will focus on acquisitions and oversight of investments in the Onex Partners' funds and will be based in the New York office. Prior to joining Onex, Mr. Motamedi worked in the investment banking division of Goldman Sachs. He holds a B.A., Economics and a B.Comm., Finance from McGill University.

About Onex

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, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. The Company has approximately $23 billion of assets under management, including $6 billion of Onex proprietary capital, in private equity and credit securities. With offices in Toronto, New York, New Jersey and London, Onex invests alongside its fund investors and is the largest limited partner in each of its private equity funds.

Onex' businesses have assets of $42 billion, generate annual revenues of $25 billion and employ approximately 152,000 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. The Company's security filings can also be accessed at www.sedar.com.

This news release may contain forward-looking statements that are based on management's current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.