Onex sells out of SIG Combibloc after Sfr657m sale

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By Sam Kerr
01 Dec 2020

Onex Corporation, the Canadian private equity company, sold the last of its shares in Swiss packaging company SIG Combibloc on Monday evening, ending the association it has had with the company since it bought it in 2014. The block sold was worth Sfr657m ($725m).

Bank of America, Citi, Credit Suisse, Goldman Sachs and Morgan Stanley were the joint bookrunners on the deal. All five of the banks were involved in SIG Combibloc’s IPO in 2018, when Onex sold 49.1% of the company.

Monday’s block of 32.3m shares, ...

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