Sponsors Generate $500M+ Through Secondary Offerings: CORRECTED

Several LBO shops in recent weeks have taken advantage of a reasonably healthy stock market to sell down stakes in public companies whose share prices have bloomed since going public, Buyouts reports in its June 4 edition. Separate sales on the secondary market by Blum Capital Partners, Clayton, Dubilier & Rice, Oaktree Capital Management, Sun Capital Partners […]

SBA Acquires Mobilitie Assets From Oaktree

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 […]

General Maritime Agrees Plan to Restructure

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 […]

Mortgage Companies Look Ripe for Deals

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 and Oaktree Acquire Dancing Bear Aspen

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 […]

Carrington and Oaktree Acquire Rental Properties

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 Completes Refinancing

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 […]

Sterling Group Buys Liqui-Box

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.

SLIDESHOW: Top 10 Global Cleantech Funds Raised YTD

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. […]

Oaktree Forms JV with Everest Realty

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.

Jakks Pacific Rejects Offer from Oaktree

Toy company Jakks Pacific has rejected a $670 million buyout offer from Oaktree Capital Management, Reuters reported Wednesday. Oaktree sent a letter to Jakks in mid-September outlining the $20-per-share offer. Malibu, Calif.-based Jakks called the bid “inadequate.”

Oaktree Offers $670M for Jakks Pacific

Buyout firm Oaktree Capital Management Funds sent a letter to toymaker Jakks Pacific Tuesday outlining its intention to buy the company for $670 million, Reuters reported Wednesday. Los Angeles-based Oaktree first made the offer in March and has been rebuffed by the company repeatedly. Oaktree said it would raise its offer if Jakks could “demonstrate to us further value over the course of our due diligence process,” Reuters wrote, quoting the letter.

Oaktree Puts $175.5M into First BanCorp

Private equity firm Oaktree Capital Management will invest about $175.5 million into First BanCorp, Reuters said. Oaktree is the second buyout shop to invest in First BanCorp in the past two months. Thomas H Lee Partners agreed to invest $180 million in the Puerto Rico-based bank in May. Oaktree will own a quarter of the bank, once the $425 million preferred shares held by the U.S. Treasury are converted into common stock, Reuters wrote.

Oaktree Capital Invests In Sabal Financial

Oaktree Capital Management has made a non-controlling equity investment in Sabal Financial Group, which was formerly Milestone Asset Resolution Co. Financial terms were not announced. Newport Beach, Calif.-based Sabal specializes in the acquisitions and valuation of real estate loan portfolios.

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