Together, Brookfield and Oaktree will provide global investors with one of the most comprehensive offerings of alternative investment products available in the marketplace todayHoward Marks, Bruce Karsh, and other members of Oaktree Capital Group Holdings, L.P. will own 38% and retain operating control of Oaktree
Source: bam.brookfield.com
Brookfield Asset Management announced that it will acquire ~62% of the Oaktree Capital Management business. Brookfield will carry out the transaction by acquiring all outstanding Oaktree Class A units for, either $49.00 in cash or 1.0770 Class A shares of Brookfield per unit (subject to pro-ration). Post transaction, both Companies will continue to operate their businesses independently. The combined entity will have ~$475 billion of assets under management and $2.5 billion of annual fee-related revenues.
