Onex CEO Says He’s Been Approached to Sell Stake in Credit Unit

Onex Corp. has received inquiries from firms wanting to buy a stake in its credit division, its chief executive officer said, as he argued that the company’s share price doesn’t properly reflect how valuable that business is.

“We’ve had multiple sophisticated investors come to us and say, we’d like to buy 10% or 20% of your credit business,” CEO Bobby Le Blanc said during a Bank of Nova Scotia conference Thursday. “I’m hoping as this year progresses, the shareholders begin to see the value in that credit fee-related earnings better than they are today.”

Le Blanc didn’t name the ...