August 19, 2019

August 16, 2019

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Upcoming/New CFIUS Filing: Brookfield Asset Management and Oaktree Capital Group

Status:  Upcoming/New Filing

Acquirer:  Brookfield Asset Management Inc. (Canada)

Acquired:  Oaktree Capital Group, LLC (US)

Value:  Approximately US$4.7 billion

Industry:  Financial Services


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 ReleaseBrookfield 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.)

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