1. Onex sold 4.1 million shares of Ryan Specialty. 2. Total proceeds from the sale are $226 million. 3. Onex realized $1.2 billion from its investment in Ryan Specialty. 4. CEO Bobby Le Blanc will retire from Ryan Specialty’s Board. 5. Onex achieved a 3.8x capital multiple and 49% IRR.
FAQ
Why Bullish?
The successful exit from Ryan Specialty signifies effective capital management and potential reinvestment opportunities.
How important is it?
The strategic exit from a profitable investment showcases Onex's capabilities, potentially attracting investor interest.
Why Short Term?
Immediate positive perception due to significant realized profits; short-lived depending on reinvestment success.
Onex Corporation Exits Ryan Specialty Investment, Achieves Strong Returns
TORONTO, Dec. 08, 2025 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX: ONEX) has successfully exited its investment in Ryan Specialty Holdings, Inc. (“Ryan Specialty”) (NYSE: RYAN) by selling approximately 4.1 million shares of Class A Common Stock. This strategic move has generated $226 million in proceeds for Onex, marking a significant milestone in the company's investment journey.
Financial Highlights of the Exit
In total, Onex has realized proceeds of $1.2 billion from its investment in Ryan Specialty. This equates to a remarkable 3.8x Multiple of Capital and an impressive internal rate of return (IRR) of 49%. The successful exit underscores Onex's capability in managing high-value investments and delivering significant returns to its stakeholders.
Leadership Transition and Acknowledgments
Following the sale, Onex CEO Bobby Le Blanc will retire from the Board of Directors of Ryan Specialty. In his statement, Le Blanc expressed gratitude towards the Founder and Chairman Pat Ryan, and CEO Tim Turner, highlighting their collaboration over the past seven years that fostered Ryan Specialty's position as a leader in specialty insurance solutions.
“I am profoundly grateful to Founder and Chairman Pat Ryan, CEO Tim Turner and the entire Ryan Specialty team for their partnership and the tremendous amount of value they have created for all shareholders,” said Bobby Le Blanc. “It has been a privilege to work with them as they grew and cemented their position as a market leader in specialty insurance solutions.”
Comments from Ryan Specialty’s Leadership
Patrick G. Ryan, Founder and Chairman of Ryan Specialty, acknowledged Le Blanc's contributions, calling him an exceptional director and thanking Onex for their pivotal investment prior to the company's IPO. Ryan emphasized that Onex's support came at a crucial time in Ryan Specialty's growth trajectory and proved to be highly profitable for them.
“Bobby has been an exceptional director for Ryan Specialty, and we thank him for his contributions during the past seven plus years,” Ryan stated. “Following Onex’s sale of its remaining shares, it was mutually agreed that the time was right for Bobby to retire from the Board.”
About Onex Corporation
Founded in 1984, Onex Corporation invests and manages capital across the globe, demonstrating a strong track record of creating value for its clients and shareholders. Onex's portfolio includes a diverse range of investors, such as public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices, and high-net-worth individuals.
- Assets under management: Approximately $57.2 billion
- Onex's own investing capital: $8.5 billion
With offices in Toronto, New York, New Jersey, and London, Onex and its experienced management teams are key players in their investment platforms. The company is publicly traded on the Toronto Stock Exchange under the symbol ONEXF. More information can be found on their official website at www.onex.com.
For security filings, visit www.sedarplus.ca.
Contact Information
For further inquiries, please contact:
- Jill Homenuk, Managing Director – Shareholder Relations and Communications, Tel: +1 416.362.7711
- Zev Korman, Vice President, Shareholder Relations and Communications, Tel: +1 416.362.7711