Onex mulls IPO, sale for Husky


Canadian private equity firm, Onex (Toronto) is weighing an initial public offering (IPO) for its portfolio company, Husky Injection Molding Systems Ltd. (Bolton, ON), according to various media reports. The Wall Street Journal, following on a story by Bloomberg, is reporting that Onex is considering a "dual-track" process to move the maker of injection molding machinery, hot runners, and tooling, either seeking another private equity buyer or initiating an IPO.

The price has been reported as high as $2 billion, a level deemed high by market watchers quoted in the press reports. Onex purchased Husky in 2007 for Canadian $960 million ($958 million). At the time, Robert Schad, founder and controlling shareholder of the company put forward his 44% stake in the company. ...
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