Onex Corporation has sold approximately 4.1 million shares of Class A Common Stock of Ryan Specialty Holdings, Inc. for $226 million, fully exiting its investment in Ryan Specialty. The total proceeds from Onex’s investment in Ryan Specialty amount to $1.2 billion, achieving a 3.8x Multiple of Capital and an IRR of 49%. CEO Bobby Le Blanc will retire from Ryan Specialty’s Board, expressing gratitude to the team for their partnership and value creation. Founder Pat Ryan thanked Onex for their investment, which proved immensely profitable. Onex manages approximately $57.2 billion in assets globally and is listed on the Toronto Stock Exchange.

Read more at GlobeNewswire: Onex Completes Final Realization of Ryan Specialty,