Convex valued at $7bn in Onex balance sheet deal, with AIG investment
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Convex valued at $7bn in Onex balance sheet deal, with AIG investment

Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.

By Adam McNestrie Abbie Day
October 30, 2025
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Convex Group has announced a new long-term ownership structure that will see majority ownership move to Onex’s balance sheet, and AIG take a 35% strategic stake at a valuation of ~1.9x

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