Onex Appoints Josh Hausman to Managing Director

TORONTO, ONTARIO--(Marketwire - Jan. 8, 2013) -

All amounts in U.S. dollars unless otherwise stated

Onex Corporation ("Onex") (TSX:OCX) today announced the promotion of Josh Hausman to Managing Director.

Mr. Hausman, who joined Onex in 2004, previously held the position of Principal and has been an important part of the investment teams responsible for many of Onex' healthcare investments, including Emergency Medical Services and ResCare. Mr. Hausman will continue to lead Onex' efforts in the Technology sector from the firm's New York office.

Prior to joining Onex, Mr. Hausman worked in the Healthcare Investment Banking group at Bank of America, where he provided capital raising and advisory services to healthcare companies. He holds an A.B., Economics (cum laude), from Harvard College.

About Onex

With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Onex acquires and builds high-quality businesses in partnership with talented management teams. The Company has approximately $14 billion of assets under management, including $4.8 billion of proprietary capital, in private equity, credit securities and real estate. Onex invests its proprietary capital directly and as a substantial limited partner in its Funds.

Onex' businesses have assets of $39 billion, generate annual revenues of $34 billion and employ approximately 235,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX. For more information on Onex, visit its website at www.onex.com. The Company's security filings can also be accessed at www.sedar.com.