Thistle Initiatives assists Oaktree in the acquisition of Close Brothers Asset Management
A leader among global investment managers, funds managed by Oaktree Capital Management, L.P. (“Oaktree”), has announced its agreement to acquire Close Brothers Asset Management (CBAM). Oaktree engaged Thistle Initiatives' Mergers and Acquisitions team to assist with the regulatory due diligence on CBAM.
The transaction is expected to be completed early next year and is conditional upon receipt of FCA regulatory approval.
Alex Paschalis, Investments Director at Thistle Initiatives, commented: “The Mergers and Acquisitions team at Thistle Initiatives were delighted to work with Oaktree on this latest acquisition and look forward to working together on further transactions”.
Federico Alvarez-Demalde, Managing Director at Oaktree, commented: “We are delighted that Close Brothers chose to partner with us on this important transaction and we eagerly anticipate collaborating with Thistle Initiatives' Mergers and Acquisitions team to ensure its successful completion."
Thistle Initiatives offers Acquisition Due Diligence and Change in Control services. For enquiries, please contact us at 0207 436 0630 or via email at info@thistleinitiatives.co.uk.