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Onex Partners and BPEA Announce Secondary Offering of Clarivate Analytics

Written by Customer Service on . Posted in Public Companies.

All amounts in U.S. dollars unless otherwise statedTORONTO and HONG KONG, Dec. 04, 2019 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX: ONEX), Baring Private Equity Asia (“BPEA”) and their affiliated funds (together the “Group”), today announced the sale of 43.2 million ordinary shares of Clarivate Analytics plc (“Clarivate”) (NYSE: CCC; CCC.WS) at an offering price of $17.25 per share.  The underwriters were granted a 30‑day option to purchase up to 6.48 million additional ordinary shares from the Group.  Clarivate is a global leader in providing trusted insights and analytics to accelerate the pace of innovation.At the offering price and before the underwriters’ option, gross proceeds to the Group will be approximately $745 million, of which Onex’ share will be approximately $203 million as a Limited Partner in Onex Partners IV and as a co-investor.  The Group will continue to hold approximately 134.6 million ordinary shares of Clarivate, making it the largest shareholder with an interest of 44%.  Onex will continue to hold approximately 36.6 million ordinary shares for a 12% interest.The offering is expected to close on December 9, 2019, subject to customary closing conditions. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on December 4, 2019. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Onex

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