AIG has completed the acquisitions of strategic minority ownership stakes in Convex, and Onex Corporation (Onex), a publicly traded global asset manager.
Pursuant to these transactions, AIG has acquired an approximately 35% equity interest in Convex for approximately $2.1bn, and a 9.9% ownership stake in Onex for approximately $642m.
In conjunction with AIG’s investment in Convex, Onex has become the majority shareholder in Convex with a 63% ownership interest.
Peter Zaffino, chairman and CEO at AIG said: “We could not be more pleased to announce the completion of our minority ownership stakes in Convex and Onex and are confident that these long-term investments will continue to strategically position AIG for growth in the future and will be accretive to AIG’s earnings and return on equity in 2026 and in future years.”
