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Onex Partners Announces the Sale of Emerald to Apollo Funds

  • Onex Partners announced the sale of its >90% stake in Emerald Holding Inc. (NYSE: EEX) to Apollo Funds.
  • Upon transaction completion, Emerald will cease NYSE trading & become a private company owned by Apollo.
  • The transaction values Emerald at approximately $1.5 billion.
  • Onex Partners III & Onex Partners V will receive full liquidity from the sale.
  • The deal is expected to close in the second half of 2026, subject to regulatory approvals.
  • Goldman Sachs acted as Emerald's exclusive financial advisor & Fried, Frank served as legal counsel.
  • William Blair & Company & Solomon Partners advised Onex Partners on the sale.
  • Emerald is a leading U.S.-based B2B event organizer with a portfolio spanning trade shows, conferences, & an Executive Peer Network.
  • Onex Partners has invested over $22 billion across six funds since inception.
  • Onex has approximately $59.2 billion in assets under management as of 2026.