Capabilities

Sale of The Warranty Group to TPG

Onex and The Warranty Group

Canadian private equity firm Onex Corporation (TSX; OCX) announced that it has signed a definitive agreement to sell The Warranty Group, Inc., a leading global provider of warranty solutions and related programs, to private equity firm TPG for an enterprise value of approximately $1.5 billion.  Our attorneys are advising long-term client Onex and The Warranty Group on legal matters related to the transaction.

Under the terms of the agreement, TPG will acquire The Warranty Group and its operating units including Virginia Surety Company, London General Insurance Company, and Resource Automotive.

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