Simpson Thacher represented Oaktree Capital Group, LLC in the registered follow-on offering of 8.05 million Class A units representing limited liability company interests. Morgan Stanley, BofA Merrill Lynch and Credit Suisse were the joint global coordinators for the approximately $431 million offering. Oaktree intends to use all of the net proceeds from the offering to acquire interests in its business from certain of its directors, employees and other investors.
Oaktree is a leading global investment management firm focused on alternative markets, with $78.8 billion in assets under management as of March 31, 2013. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 700 employees and offices in 13 cities worldwide.
The Simpson Thacher team included Tom Wuchenich, Dan Webb, Michael Reeves and Judy Yan (Capital Markets); Katharine Moir and Jodi Sackel (Tax); and Jennie Getsin (FINRA).
