Onex Corporation (“Onex”) (TSX: OCX) and Baring Private Equity Asia (“Baring Asia”) today announced their respective private equity funds completed the acquisition of the Intellectual Property & Science business from Thomson Reuters, for $3.55 billion.

The newly independent company will be known as Clarivate Analytics, and will continue to own and operate a collection of leading subscription-based businesses focused on scientific and academic research, patent analytics and regulatory standards, pharmaceutical and biotech intelligence, trademark protection, domain brand protection and intellectual property management. The company’s many well‐known brands include Web of Science, Cortellis, Thomson Innovation, Derwent World Patents Index, Thomson CompuMark, MarkMonitor, Techstreet and Thomson IP Manager, among others.

The Onex and Baring Asia groups made an equity investment of $1.6 billion for 100% ownership of Clarivate Analytics, of which $1.2 billion was from Onex’ flagship fund, Onex Partners IV, and certain limited partners as co-investors. Onex’ share of the investment as a Limited Partner in the Fund and as a co-investor was approximately $420 million.

This news release may contain forward-looking statements that are based on current expectations and are subject to known and unknown uncertainties and risks, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Onex and Baring Asia are under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise.

For further information:

Baring Private Equity Asia
Newgate Communications
Richard Barton or Dan Billings
Richard.barton@newgate.asia or Dan.billings@newgate.asia
+852.3758.2680

Onex
Emilie Blouin
Director, Investor Relations
416.362.7711