Status: Clearance
Acquirer: Brookfield Asset Management Inc. (Canada)
Acquired: Oaktree Capital Group, LLC (US)
Value: Approximately US$4.7 billion
Industry: Financial Services
UPDATE: On September 30, 2019, Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A) and Oaktree Capital Group, LLC (NYSE: OAK) (“Oaktree”) announced “the completion of Brookfield’s acquisition of approximately 61.2% of Oaktree’s business.” (Press Release, Brookfield Asset Management Inc., Form 6-K, Ex-99.1, Sept. 30, 2019, SEC Filing.) Clearance from CFIUS was a condition to the merger agreement. (See Section 9.01(d), Agreement and Plan of Merger, Oaktree Capital Group, LLC, Form 8-K, Ex-2.1, SEC Filing, Mar. 19, 2019.)
Posted in March 2019
Status: Upcoming/New Filing
On March 13, 2019, Oaktree Capital Group, LLC, a California based asset management firm, entered into a merger agreement whereby it and its wholly-owned subsidiary Oslo Holdings LLC, will survive as subsidiaries of Brookfield Asset Management Inc., a corporation incorporated under the laws of the Province of Ontario. (See Oaktree Capital Group, LLC, Form 8-K, SEC Filing, Mar. 19, 2019.) Following the transaction, Brookfield Asset Management will own 62% of the Oaktree Capital Group business. (See Brookfield Asset Management Press Release, Brookfield to Acquire 62% of Oaktree Capital Management, March 13, 2019.) Clearance from CFIUS is a condition to the merger agreement. (See Section 9.01(d), Agreement and Plan of Merger, Oaktree Capital Group, LLC, Form 8-K, Ex-2.1, SEC Filing, Mar. 19, 2019.)
