Brookfield Asset Management Buys 61.2% of Oaktree Capital Management

October 1, 2019 | News, Real Estate
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The deal closes at $49.00 per unit or 1.0770 class A shares

Brookfield Asset Management has acquired 61.2% of Oaktree Capital Group. According to terms of the deal, the asset manager acquired all of the outstanding Oaktree class A units. It also acquired approximately 20% of the units of Oaktree Capital Group owned by the founders, senior management, and current and former Oaktree employees.

In addition, the company acquired unitholders’ stakes for $49.00 in cash or 1.0770 class A shares of the buyer (subject to proration).

The firms outlined terms of the deal in a press release.

About Brookfield and Oaktree Capital Group

Brookfield is a global alternative asset manager with more than $385 billion in assets under management. The firm has more than a 120-year history of owning and operating assets with a focus on real estate, renewable power, infrastructure, and private equity. The firm offers a range of public and private investment products and services. The company is co-listed on the New York and Toronto stock exchanges under the symbol BAM and BAM.A, respectively.

Meanwhile, Oaktree Capital Group specializes in alternative investments, with $120 billion in assets under management as of June 30. The firm takes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. Oaktree Capital has more than 950 employees and offices in 18 cities worldwide.

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