Description: The best performer of the biggest publicly traded private-equity firms this year won’t be found among U.S. giants such as Blackstone Group LP or KKR & Co. The leader is Canada’s own contender, the dark horse in the race, Gerry Schwartz’s Onex Corp. With a 15% stock gain, Onex is running well ahead of Blackstone’s 3.8%. KKR and Carlyle Group LP are both down more than 2% while Apollo Global Management LLC has dropped 15%.
Date: June 26, 2014
Questions for discussion:
- What is the formula used by Onex and other take-over firms?
- Why do you suppose Onex has outperformed others in the same business?