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ONCAP 2022 Year-In-Review

Thank you for your continued support and partnership. 2022 was another productive year for ONCAP: We invested in two new platform acquisitions (Merrithew and Ideal Dental) and completed eight add-on acquisitions with existing operating companies. ONCAP also completed a sale leaseback transaction of PURE Canadian Gaming’s real estate.


We also continued to expand our investment team, including significant growth in our New York office. Hampton Webb (Director), Tianyi Zhang (Senior Associate), David Weitz (Associate), and Madeleine McCann (Executive Assistant) joined Edmund Kim (Managing Director) in New York. Jamie Wood (Senior Associate) also relocated from Toronto to New York in 2022. In Toronto, we welcomed Aaron Laurito (Head of Talent), Victoria Witt (Associate), Alina Yao (Associate), Selina Johnston (Executive Assistant), and Victoria O’Neill (Executive Assistant). We are proud to welcome the newest members of the ONCAP team. 


Additionally, as of January 2023, Ryan Mashinter was promoted to Senior Managing Director, and Jason Levy to Principal. Ryan has been with ONCAP for 17 years, including eight years in the role of Managing Director and has contributed to nearly a third of ONCAP’s businesses. Jason has made a significant contribution to ONCAP’s success in his seven years with the firm and has worked on many new opportunities and several operating companies. 


Lastly, ONCAP continued to advance its efforts related to ESG, DEI and social engagement. ONCAP is working closely with Judy Cotte, Onex’s Head of ESG, to implement Onex’s ESG governance across ONCAP’s portfolio. The entire ONCAP team was also involved in several community building activities noted below.


We look forward to partnering with you and wish you continued success in 2023.

2022 Highlights

New Investments

One of the largest developers, manufacturers and retailers of Pilates equipment, accessories and educational content


February 2022

A leading provider of business and administrative services to specialty dental service providers



June 2022

Other Transactions


Sale leaseback transaction of PURE real estate 


January 2023


Add-On Investments

New Team Members

Toronto

Aaron Laurito,

Head of Talent

Victoria Witt,

Associate

Alina Yao,

Associate

Selina Johnston,

Executive Assistant

Victoria O'Neill,

Executive Assistant

New York

Hampton Webb,

Director

Jamie Wood,

Senior Associate

(Relocated to New York)

Tianyi Zhang,

Senior Associate

David Weitz,

Associate

Madeleine McCann,

Executive Assistant

Promotions

Ryan Mashinter,

Senior Managing Director

Jason Levy,

Principal

ONCAP in the Community

Fred Victor, June 2022


The ONCAP team volunteered to prepare lunches for Fred Victor, a social service charitable organization that fosters long-lasting and positive change in the lives of homeless and low-income people living across Toronto. It was a fun team event and a great demonstration of how we can contribute to improving the lives of others in our community.

Daily Bread Food Bank, October 2022


The ONCAP team volunteered at Daily Bread Food Bank, a non-profit organization working towards long-term solutions to end hunger and poverty across Toronto by distributing fresh and shelf stable food and fresh cooked meals to member agencies and food programs across the city. As a team, we packed over 6 tons which will feed more than 485 families in need.


About ONCAP


ONCAP is the mid-market private equity platform of Onex. In partnership with company management teams, ONCAP invests in and builds value in North American headquartered small and medium-sized businesses with scalable, sustainable competitive positions.


About Onex



Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, Onex has a long track record of value creation. Onex’ two primary businesses are Private Equity and Credit. Onex also serves high net worth clients in Canada through its private wealth platform. As of September 30, 2022, Onex has $47.2 billion in assets under management of which $7.6 billion is its own investing capital. For more information, visit www.onex.com