Australia’s Nine IPO prices at bottom of range – Reuters

Australia’s Nine Entertainment Co priced its initial public offering at the bottom of its marketing range, giving the indebted TV network a market capitalisation of A$1.9 billion ($1.74 billion), writes Reuters. The listing, set for Friday, comes a year after Nine avoided receivership with U.S. private equity funds Oaktree Capital Group and Apollo Global Management taking control in a more than $3 billion debt-for-equity swap, writes Reuters.

Pulse Electronics Secures Recap from Oaktree

San Diego based Pulse Electronics has secured a debt and equity investment of approximately $102.7 million with certain affiliates of Oaktree Capital Group. SNR Denton advised Pulse Electronics on the transaction.

Oaktree Founders Could Pocket $234.4m from IPO

Howard Marks and Bruce Karsh, co-founders of Oaktree Capital Group, could end up with $117.2 million each by selling stakes in the debt-focused private equity firm in an IPO that could raise up to $595.1 million, writes Reuters. Oaktree has $74.9 billion in assets under management and said in a regulatory filing it expects its […]

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