Simpson Thacher is representing Oaktree Capital Group, LLC in connection with an agreement to sell approximately 62% of the Oaktree business to Brookfield Asset Management Inc. Both Brookfield and Oaktree will continue to operate their respective businesses independently. The transaction is subject to the approval of Oaktree unitholders representing at least a majority of the voting interests of Oaktree and other customary closing conditions, including certain regulatory approvals.
Oaktree Capital Group, LLC is a leader among global investment managers specializing in alternative investments, with $120 billion in assets under management as of December 31, 2018. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 950 employees and offices in 18 cities worldwide.
The Simpson Thacher Team includes Elizabeth Cooper, Ben Schaye, Matt Rogers, Jay Jeongseok Yu, Kathey Guo and Alexia Syrmos (M&A); Tom Wuchenich, Steve Homan and Audra Cohen (Private Funds); Dan Webb, Andrew Roy and Kira Mandella (Capital Markets); Sophie Staples and Morgan Otway (Tax); Rajib Chanda, Allison Bernbach, Ryan Brizek and Kate O’Neil (Registered Funds); Tristan Brown, Erin Murphy and Alyssa Ohanian (ECEB); Ellen Frye, Kelly Karapetyan, John Goheen and Lani Lear (Antitrust); Jennifer Nadborny and Amanda Weiss (PCAP); Lori Lesser and Genevieve Dorment (Intellectual Property); Adeeb Fadil (Environmental); and Jeanne Annarumma (ERISA). Robert Maloney Derham and Evan Zuckerman also provided valuable assistance.