Onex OKs $323M Deal To Sell Back 50% Of Home Decor Co.

Law360, New York (February 11, 2013, 1:53 PM EST) -- Canadian private equity firm Onex Corp. has agreed to sell its 50 percent stake in California-based home furnishing manufacturer RSI Home Products Inc. back to the company's management for $323 million, Onex said Monday.

The private equity bought into RSI Home, which builds and markets kitchen and bathroom cabinets among other home furnishings, in October 2008. Toronto-based Onex made a $318 million preferred equity investment in Anaheim-based RSI Home in return for its 50 percent stake in the manufacturer.

The deal is expected to close by...
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