LONDON: Close Brothers Group has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, L.P. for an equity value of up to £200 million. Mike Biggs, Close Brothers’ Chairman, commented: “Following a comprehensive strategic review, the Board is pleased to announce the agreed sale of…
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Trinity Investments, Oaktree Capital, and UBS consortium acquires Park Hyatt Zurich
LONDON: A consortium consisting of Trinity Investments, Oaktree Capital Management, and UBS Asset Management’s Real Estate & Private Markets Multi-Managers business has successfully acquired the prestigious Park Hyatt Zurich. “The Park Hyatt Zurich is the perfect launch of Trinity’s business model into Europe,” said Ryan Donn, Managing Partner of Trinity Investments. “We were able to…
DGO signs participation agreement with Oaktree Capital for future expansion
LONDON: Diversified Gas & Oil PLC (DGO) has signed a definitive participation agreement with funds managed by Oaktree Capital Management to jointly identify and fund future proved developed producing (PDP) acquisition opportunities the company identifies. Diversified Gas & Oil (DGO) continues to demonstrate its proven ability to identify prudent ways to advance its growth strategy…