8 Comments
 

I can't speak from personal experience but know a few details from my friends / peers / network.

Onex is the only real 'mega fund' type environment in Canada which comes with two implications.
 Long hours and above average pay.

Comp:

Onex is known to pay well above other Toronto PE firms. Rumors across Bay St suggested that Onex associates were making ~$420 CAD throughout 2016 due to being paid in USD alongside a depreciating CAD.

Lifestyle:

They are also known to have one of the most rigid, hard-working cultures on the street. Expect 120 hour weeks to be frequent when working on a deal. The hardest working analysts from Toronto’s hardest working investment banks will even get burnt out there.

I have heard two different views on the mix of portfolio work and transaction work. 1) Members of the deal team exclusively work on deals. 2) Onex buys businesses with more ‘hair’ on them, implying experience in turnarounds with portfolio companies. Regardless, Onex works on large respectable transactions and seems to support upward mobility. Associates are frequently promoted through the ranks to director and above, which can be seen from their team page.

Hope this adds to Losing Interest's response.

 
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