Onex Partners V LP fund manageOnex Corporation completed the acquisition of Accredited Holding Corporation from Randall & Quilter America Holdings, Inc.
Evercore acted as a lead financial advisor, BMO Capital Markets, Citigroup, and CIBC Capital Markets acted as financial advisors, and Daniel R. Breslin, Neil Campbell and Shaun D. Hartley of Latham & Watkins LLP acted as legal counsel to Onex. Fenchurch Advisory Partners LLP, Barclays Bank PLC and Howden Tiger acted as a financial advisor to Randall & Quilter America Holdings, Inc.
Giles Rolls and Charles Farquhar of Numis Securities Inc. acted as financial advisor to Randall & Quilter America Holdings, Inc.
The transaction is subject to the receipt of regulatory approvals and satisfaction of other customary closing conditions, including approval by R&Q?s shareholders. As on February 23, 2024, R&Q?s shareholders received approval, and the transaction is expected to close in the first half of 2024.
On March 5, 2024, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Randall & Quilter America Holdings Inc. of the US by ONEX Corporation (?ONEX?) of Canada.
Onex Partners V LP fund manageOnex Corporation (TSX:ONEX) completed the acquisition of Accredited Holding Corporation from Randall & Quilter America Holdings, Inc. on June 28, 2024. Accredited will now operate as an independent program management company providing A- rated.