trending Market Intelligence /marketintelligence/en/news-insights/trending/wffjA0qaYo_fuNBg_gfgHA2 content esgSubNav
In This List

Brookfield deal for Oaktree Capital Group carries $225M termination fee

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


Brookfield deal for Oaktree Capital Group carries $225M termination fee

Oaktree Capital Group LLC will be required to pay a termination fee of $225 million to Brookfield Asset Management Inc. if Brookfield's agreement to acquire 62% of Oaktree Capital falls through under certain circumstances.

Under the terms of the deal, Brookfield will acquire Oaktree Capital's class A units for $49.00 in cash or 1.0770 Brookfield shares apiece.

The founders, senior management and employee unit holders of Oaktree Capital Group Holdings GP LLC, which holds all of Oaktree Capital's outstanding class B units and has a direct interest in the firm's operating entities, will sell 20% of their holdings to Brookfield at the same price.