Deals
Brookfield to Acquire Remaining Oaktree Stake for $3 Billion
Brookfield has traditionally focused on real estate and infrastructure, and its partnership with Oaktree helped bolster the firm’s credit business.
Photographer: Stephanie Keith/Bloomberg
Brookfield will acquire the remaining parts of distressed-debt specialist Oaktree Capital Management it doesn’t already own, adding further heft to its credit business that’s emerged as a key driver of growth in recent years.
New York-based Brookfield Asset Management Ltd. and parent company Brookfield Corp. will acquire the outstanding 26% stake in Oaktree for about $3 billion, according to a statement on Monday, which confirmed an earlier Bloomberg News report.