Wireless communications infrastructure provider SBA Communications Corporation, through its wholly-owned subsidiary SBA Monarch Acquisition has acquired assets from Oaktree Capital Management in Mobilitie. Mobilitie owns in excess of 2,300 tower sites in the US and Central America. SBA paid $850 million in cash and issued 5.25 million shares of its Class A common stock, making [...]
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General Maritime Corporation has agreed a modified plan of reorganization with its creditors’ committee, funds managed by Oaktree Capital Management and holders of more than 40% of the company’s senior notes. General Maritime Corporation is a crude and products tanker company operating from ports in the Caribbean, South and Central America, the United States, West [...]
Several private equity firms have lined up to invest in mortgage providers and servicers in recent weeks, suggesting more firms are eager to get back into a much maligned sector as it staggers out of the Great Recession,Buyouts reports in its March 26 edition. In less than a week, between March 9 and March 14, [...]
Sunrise Company, a residential developer and Oaktree Capital Management have acquired private residence club, Dancing Bear Aspen. The intimate luxury mountain retreat has been acquired with no debt. PRESS RELEASE Sunrise Company, one of the country’s most respected residential developers with more than 50 years of experience, and certain funds managed by Oaktree Capital Management [...]
PE & VC veterans and alums rubbed elbows at Harvard Business School over the weekend–but each asset class sang a distinctly different tune.
Carrington has announced an agreement with Oaktree Capital Management to fund a purchase of up to $450 million in distressed single family homes on a national basis. These homes will be managed as rental properties by Carrington to meet the growing market demand for rental units. PRESS RELEASE Carrington Holding Company, LLC (Carrington) today announced [...]
Hanley Wood, a business-to-business media company serving the housing and commercial design and construction industries, has completed a recapitalization that will reduce its long-term debt from $410 million to $80 million. Hanley Wood’s new ownership group, led by certain funds managed by Oaktree Capital Management, Strategic Value Partners, and Tennenbaum Capital Partners, has invested $35 [...]
The Sterling Group has acquired Liqui-Box Corp. from DuPont. Financial terms were not announced. Liqui-Box is the fourth business Sterling has bought from DuPont. Worthington, Ohio-based Liqui-Box supplies bag-in-box flexible packaging to the global dairy, beverage and bulk food markets. BNP Paribas and BMO provided senior debt while Oaktree Capital Management supplied mezz debt.
Cleantech funds seem to be the flavor of the month in Asia where most recently major Malaysian banking group RHB Banking has teamed up with Japanese SBI Investment to launch the Asia CleanTech Fund. Figures for the third quarter suggest there is a hunger for cleantech deals inspite of the turmoil in global financial markets. [...]
Private equity still likes real estate. Oaktree Capital Management will establish a joint venture with Everest Realty Management to form a Tenants In Common (TIC) partnership. It will provide a varying range of short- and long-term solutions for clients with capital needs.