Oaktree Capital
PE-owned Fitness First winds down in Hong Kong
Private equity-owned Fitness First has wound down its Hong Kong business, which accounts for eight out of approximately 90 centres in a network that extends into Southeast Asia, as pandemic-related restrictions took their toll.
Q&A: Oaktree Capital's Howard Marks
Howard Marks, co-chairman of Oaktree Capital Management, discusses populism, deficit, trade wars, the shift in focus from public to private markets, and why his default position is one of caution
Q&A: Oaktree Capital's Raj Makam
Raj Makam, co-portfolio manager for Oaktree Capital’s middle-market finance group, discusses the dangers that may await investors in the overheating US direct lending space
Oaktree Asia distress head relocates to Hong Kong
Pedro Urquidi, global co-portfolio manager and head of distressed debt for Europe and Asia for Oaktree Capital, will relocate to the firm’s Hong Kong office to play a more active role in its Asia business.
Brookfield to buy majority stake in Oaktree
Brookfield Asset Management has agreed to acquire a 62% stake in Oaktree Capital in a deal worth about $4.7 billion.
China distress: Second cycle
Investors are looking to capitalize on the China distress opportunity, and recent activity in around non-performing loans suggests there will be enough deal flow to sate their appetites
Australia's Blue Sky agrees $36m debt deal with Oaktree
Special situations investor Oaktree Capital has extended a loan package worth up to A$50 million ($36 million) to Australia-listed Blue Sky Alternative Investments following a string of regulatory breaches.
IDG, Accel, Kalaari lead $120m round for India's CureFit
IDG Ventures, Accel Partners, and Kalaari Capital have led a $120 million Series C round for CureFit, a health and fitness app developer based in India.
Australia's Blue Sky confirms talks with Oaktree
Blue Sky Alternative Investments has confirmed it is in talks with special situations investor Oaktree Capital Management over a possible investment, as the Australian PE firm seeks to mollify investor concerns regarding possible liquidity issues.
Growth mezzanine: Paying their dues
Growth capital situations can provide a healthy source of deals for established mezzanine investors, but high barriers to entry will pose challenges for newcomers
Oaktree-backed DDH1 makes Australian drilling bolt-on
DDH1, an Australian drilling company backed by Oaktree Capital Management, has acquired 100% of domestic counterpart Strike Drilling as part of a platform-based consolidation plan.
Australia distress: The luxury of time
Two pieces of legislation – one enacted and the other pending – are expected to facilitate corporate restructuring in Australia. It remains to be seen how turnaround investors take advantage of this
CITIC Capital completes Axilone acquisition
CITIC Capital has completed the acquisition of Axilone, a Europe-headquartered packaging supplier to the cosmetics industry. The deal facilitates an exit for Oaktree Capital Management.
Oaktree-backed Australian surf brands to merge
Australian surfwear brand Billabong International has agreed to an acquisition by industry peer Boardriders, which owns the Quiksilver brand. Both companies are backed by Oaktree Capital Management.
PE-backed Billabong gets $150m buyout offer
Australian surfwear brand Billabong International has received a A$198 million ($150 million) non-binding buyout offer from Boardriders, owner of the Quiksilver brand. Both companies are backed by Oaktree Capital Management.
CITIC Capital nears buyout of packaging player Axilone
China-focused GP CITIC Capital has entered into advanced negotiations with Oaktree Capital Management to buy Axilone, a Europe-headquartered packaging supplier to the cosmetics industry.
China NPLs: Great expectations
Foreign private equity firms are positioning themselves to address an anticipated surge in non-performing loan sales to third-party investors. Will the reality match the hype?
Deal focus: GPs target healthy scale
Oaktree Capital Management and Navis Capital Partners are merging Fitness First and Celebrity Fitness in the expectation that scale will be rewarded in Southeast Asia's gym market
Oaktree merges Fitness First Asia with Navis-owned gym business
The Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
Quadrant continues roll-up strategy with Fitness First acquisition
Quadrant Private Equity has announced its third fitness club acquisition in Australia, with an agreement to buy market leader Fitness First from Oaktree Capital Management.
China's Zhongwang acquires PE-owned Aleris for $2.3b
A unit of China Zhongwang has agreed to buy US aluminum company Aleris Corporation in a deal worth $2.3 billion, facilitating an exit for majority owner Oaktree Capital Management.
Oaktree exits Australia's AMG to strategic player
Oaktree Capital Management has sold Australian media platform and content provider Active Media Group (AMG) to outdoor advertising business Val Morgan Outdoor (VMO) for an undisclosed amount.
Oaktree opens Australia office
Oaktree Capital Group has opened its first office in Australia, with Byron Beath, previously of Macquarie Bank, appointed to lead investment activities in the region.