Ropes & Gray Advised Neuberger and GIC as Lead Investors in Onex Partners’ $1.6 Billion Continuation Vehicle

Ropes & Gray represented Neuberger and GIC as lead investors in Onex Partners’ $1.6 billion multi-asset continuation vehicle, which included investments in Fidelity Building Services Group, PowerSchool, and Sedgwick. The transaction transferred interests in the three companies into a newly formed vehicle led by a group of global institutional investors, including Neuberger and others. The fund closed on April 9.

Neuberger is an employee-owned, private, independent investment manager that manages $558 billion of equities, fixed income, private equity, real estate, and hedge fund portfolios for global institutions, advisors, and individuals. 

The team included alternative asset opportunities partners Isabel Dische and Christian Vareika and tax partner Dan Kolb.