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Oaktree Capital Group LLC (OAK.N)

OAK.N on New York Stock Exchange

50.46USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Brookfield To Acquire 62 Pct Of Oaktree Capital Management
Wednesday, 13 Mar 2019 09:21am EDT 

March 13 (Reuters) - Brookfield Asset Management Inc ::BROOKFIELD TO ACQUIRE 62% OF OAKTREE CAPITAL MANAGEMENT.BROOKFIELD - OAKTREE CLASS A UNITHOLDERS CAN ELECT TO RECEIVE FOR EACH OAKTREE CLASS A UNIT EITHER $49.00 IN CASH OR 1.0770 BROOKFIELD CLASS A SHARES.BROOKFIELD - HOWARD MARKS, BRUCE KARSH, AND OTHER MEMBERS OF OAKTREE CAPITAL GROUP HOLDINGS, L.P. WILL OWN 38% AND RETAIN OPERATING CONTROL OF OAKTREE.BROOKFIELD ASSET MANAGEMENT INC - CASH PORTION OF AGGREGATE CONSIDERATION WILL BE FUNDED BY BROOKFIELD FROM AVAILABLE LIQUIDITY.BROOKFIELD ASSET MANAGEMENT - DEAL PROVIDES FOR PAYMENT BY OAKTREE OF A $225 MILLION TERMINATION FEE IF DEAL IS TERMINATED UNDER CERTAIN CIRCUMSTANCES.BROOKFIELD ASSET MANAGEMENT INC - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO BROOKFIELD ON A PER SHARE BASIS BEFORE ANY BENEFITS FROM COMBINATION.BROOKFIELD ASSET MANAGEMENT - OAKTREE BOARD ACTING ON RECOMMENDATION OF SPECIAL COMMITTEE UNANIMOUSLY RECOMMENDED THAT CO'S UNITHOLDERS APPROVE DEAL.BROOKFIELD ASSET MANAGEMENT - OAKTREE MAY PAY DISTRIBUTION IN RESPECT OF QUARTER ENDING MARCH 31, 2019 IN AN AMOUNT UP TO $1.05 PER OAKTREE CLASS A UNIT.BROOKFIELD - FOUNDERS, SENIOR MANAGEMENT, CURRENT EMPLOYEE-UNITHOLDERS OF OAKTREE CAPITAL GROUP HOLDINGS LP WILL SELL TO CO 20% OF THEIR UNITS.BROOKFIELD ASSET MANAGEMENT - COMMENCING 2022, FORMER EMPLOYEE-UNITHOLDERS WILL BE ABLE TO SELL THEIR REMAINING OAKTREE UNITS TO BROOKFIELD OVER TIME.  Full Article

Montrose Environmental Group Announces Partnership With Oaktree
Friday, 26 Oct 2018 11:00am EDT 

Oct 26 (Reuters) - Montrose Environmental Group::MONTROSE ENVIRONMENTAL GROUP, INC. ANNOUNCES PARTNERSHIP WITH OAKTREE.INVESTMENT MADE BY FUNDS MANAGED BY OAKTREE CAPITAL MANAGEMENT; TERMS OF INVESTMENT WERE NOT DISCLOSED.  Full Article

Oaktree Reports Q1 Adjusted Earnings Per Share $0.93
Thursday, 26 Apr 2018 08:30am EDT 

April 26 (Reuters) - Oaktree Capital Group LLC ::OAKTREE ANNOUNCES FIRST QUARTER 2018 FINANCIAL RESULTS.Q1 REVENUE ROSE 16.5 PERCENT TO $337.3 MILLION.Q1 ADJUSTED EARNINGS PER SHARE $0.93.Q1 EARNINGS PER SHARE VIEW $0.70 -- THOMSON REUTERS I/B/E/S.AS OF MARCH 31, 2018, ASSETS UNDER MANAGEMENT WERE $121.4 BILLION, DOWN 2% FOR QUARTER.QTRLY GAAP NET INCOME $0.78 PER UNIT.  Full Article

Oaktree Q4 Adjusted Earnings Per Share $0.21
Tuesday, 6 Feb 2018 08:30am EST 

Feb 6 (Reuters) - Oaktree Capital Group Llc ::OAKTREE ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2017 FINANCIAL RESULTS.Q4 REVENUE ROSE 4.3 PERCENT TO $311.1 MILLION.Q4 ADJUSTED EARNINGS PER SHARE $0.21.ASSETS UNDER MANAGEMENT WERE $100.2 BILLION, UP 1% FOR QUARTER.QTRLY NET INCOME PER CLASS A UNIT $0.21.EXCLUDING IMPACT OF TAX ACT, QTRLY ADJUSTED NET INCOME PER CLASS A UNIT WAS $0.72.Q4 EARNINGS PER SHARE VIEW $0.53, REVENUE VIEW $286.4 MILLION -- THOMSON REUTERS I/B/E/S.OAKTREE CAPITAL-Q4, FY RESULTS REFLECT ​ESTIMATED IMPACT FROM TCJA,REDUCING GAAP NET INCOME,ADJUSTED NET INCOME ATTRIBUTABLE TO OAKTREE CAPITAL OF $33.2 MILLION​.  Full Article

Oaktree Capital to incur pre-tax charge of $23 mln in Q4
Thursday, 16 Nov 2017 10:32pm EST 

Nov 16 (Reuters) - Oaktree Capital Group LLC :OAKTREE ANNOUNCES DEFINITIVE AGREEMENT FOR $250 MILLION SENIOR NOTES OFFERING.OAKTREE CAPITAL - ‍REDEMPTION OF 2019 NOTES IS EXPECTED TO RESULT IN ONE-TIME, PRE-TAX CHARGE OF ABT $23 MILLION TO ADJUSTED NET INCOME IN Q4 OF 2017​.  Full Article

Oaktree announces $250 million offering of senior notes
Thursday, 9 Nov 2017 04:35pm EST 

Nov 9 (Reuters) - Oaktree Capital Group Llc :Oaktree announces $250 million offering of senior notes.Got commitments from certain investors to buy $250.0 million of 3.78% senior notes due 2032, to be issued by co's indirect unit.  Full Article

Oaktree announces Q3 adjusted earnings per share $0.67
Thursday, 26 Oct 2017 08:30am EDT 

Oct 26 (Reuters) - Oaktree Capital Group Llc :Oaktree announces third quarter 2017 financial results.Q3 revenue fell 19 percent to $235 million.Q3 adjusted earnings per share $0.67.Q3 earnings per share view $0.56 -- Thomson Reuters I/B/E/S.Oaktree Capital Group LLC - qtrly ‍GAAP net income per unit $0.71​.  Full Article

Oaktree reports Q2 adj EPS $1.73
Thursday, 27 Jul 2017 08:30am EDT 

July 27 (Reuters) - Oaktree Capital Group Llc :Oaktree announces second quarter 2017 financial results.Q2 revenue rose 124.3 percent to $634.1 million.Q2 adjusted earnings per share $1.73.Q2 earnings per share view $1.48 -- Thomson Reuters I/B/E/S.Qtrly net income per class a unit $1.83.  Full Article

Fifth Street Asset Management-FSM to reimburse Oaktree's transaction expenses up to cap of $3.5 mln if deal is terminated
Friday, 14 Jul 2017 08:36am EDT 

July 14 (Reuters) - Fifth Street Asset Management Inc ::Fifth Street Asset Management-FSM to reimburse oaktree's transaction expenses up to cap of $3.5 million if deal is terminated under specific conditions.Fifth Street-if FSAM board had changed its recommendation regarding BDC stockholder approvals, then fsm to pay oaktree termination fee of $9.2 million.Fifth Street Asset Management says FSM must pay $9.2 million termination fee to Oaktree if Oaktree terminates deal under specific conditions .  Full Article

Fifth Street Asset Management must pay Oaktree termination fee of $9.2 million in case of termination of deal
Friday, 14 Jul 2017 08:34am EDT 

July 14 (Reuters) - Fifth Street Asset Management Inc ::Fifth Street Asset Management- FSM must pay Oaktree termination fee of $9.2 million in case of termination of deal .  Full Article

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Brookfield to buy most of Oaktree to build juggernaut to rival Blackstone

Brookfield Asset Management Inc said on Wednesday it will buy most of Oaktree Capital Management in a roughly $4.8 billion deal, creating an alternative-asset manager that will challenge the likes of industry giant Blackstone Group.