Onex Partners IV LP, a fund managed by Onex Corporation (TSX:ONEX) along with the management team of SMG agreed to acquire SMG on December 11, 2017. The transaction is subject to customary closing conditions, including antitrust approval and other regulatory approvals. On December 22, 2017, the transaction received early termination notice from Federal Trade Commission. The transaction is expected to close in early 2018. Nomura Holdings, Inc. acted as financial advisor to Onex Corporation. Latham & Watkins LLP acted as legal advisor for Onex Partners IV LP. PJT Partners Inc. (NYSE:PJT) acted as a financial advisor for Onex Partners IV LP. Ray Baltz, Spencer Stockdale, John Anderson, Aaron Parks, Graham Jones, Ellen Snare, Jonathan Talansky, Ellen Sueda, Sam Choy, Jeffrey Spigel and Christopher Yook of King & Spalding acted as legal advisor to Northlane Capital Partners in the transaction. Onex Partners IV LP, a fund managed by Onex Corporation (TSX:ONEX) along with the management team of SMG completed the acquisition of SMG on January 23, 2018.