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Brookfield to Acquire Remaining Interest in Oaktree
16 Articles
16 Articles
Brookfield Said Near $3 Billion Deal for Remaining Oaktree Stake
Brookfield is nearing a deal to acquire the rest of distressed-debt specialist Oaktree Capital Management, people with knowledge of the matter said, adding further heft to its credit business that’s emerged as a key driver of growth in recent years.
Brookfield predicted the purchase of 26% that he had not yet had Oaktree Capital — Howard Marks' manager specialized in depressed credit — paying US$ 3 billion and strengthening CEO Bruce Flatt's position on the alternative market. In 2019, Brookfield had bought Oaktree's control by US$ 4.7 billion and was committed to acquiring the rest of the business only in 2029. The business assessed Oaktree — whose portfolio grew 75% since Brookfield's ent…
Brookfield to Buy Remainder of Oaktree for $3bn - Markets Media
Brookfield and Oaktree have agreed on a proposed transaction whereby Brookfield will acquire the approximately 26% interest in Oaktree that it does not already own. Upon completion of the proposed transaction, Brookfield will own 100% of Oaktree, one of the world’s premier credit managers, further strengthening Brookfield’s market-leading and broad-based credit platform. Bruce Flatt, CEO of Brookfield, stated, “When we partnered with Oaktree six…
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