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Articles for Oaktree

Oaktree, Sona Seek Early Repayment of Essity Bonds in Court
3 weeks, 4 days ago

Oaktree, Sona Seek Early Repayment of Essity Bonds in Court

Live Mint  

-- A group of Essity AB bondholders, including Oaktree Capital Management and Sona Asset Management, sued the firm in UK courts, escalating a dispute over claims that an event of default occurred on its debt. The noteholders have previously told the company that they were entitled to early repayment because of the sale of its 51.6% stake in tissue maker …

Company Early Bonds Oaktree Repayment Early Repayment Essity
In deal to lower huge debt, B. Riley sells stake in its liquidation business
2 months, 4 weeks ago

In deal to lower huge debt, B. Riley sells stake in its liquidation business

LA Times  

B. Riley Financial, the Westwood-area financial services firm, said Monday that it has sold a majority stake in its Great American appraisal and liquidation business in a nearly $400 million deal — a move meant to lower its debt as it struggles with the fallout from a buyout that turned sour. “This transaction is an important step in our plan …

Financial Services Company Franchise Prophecy Million Group
Inter Milan’s Simone Inzaghi named Serie A coach of the season
7 months, 2 weeks ago

Inter Milan’s Simone Inzaghi named Serie A coach of the season

The Hindu  

Simone Inzaghi, who led Inter Milan to the Italian title, has been voted Serie A coach of the season, the Italian League announced on Friday. Since Inzaghi took over at Inter in 2021 he has led the club to three Italian Supercups, two Italian Cups and, last season, the final of the Champions League. While it went out in the …

Italian Season Inter Oaktree Serie A Inzaghi Simone Inzaghi
Inter under new management as Suning defaults
7 months, 2 weeks ago

Inter under new management as Suning defaults

China Daily  

Inter Milan's former president Steven Zhang smiles as he holds the Italian Super Cup in 2022. AP MILAN — Inter Milan entered an uncertain new era on Wednesday after US asset management firm Oaktree Capital took control of the Serie A champion after outgoing owner Suning defaulted on a debt worth hundreds of millions of euros. Oaktree Capital announced that …

Management Capital Club Zhang Million Inter Inter Milan
American fund Oaktree takes over Serie A champion Inter after previous owners failed to repay loan
7 months, 2 weeks ago

American fund Oaktree takes over Serie A champion Inter after previous owners failed to repay loan

Associated Press  

MILAN — American fund Oaktree officially became the new owner of Serie A champion Inter Milan on Wednesday, bringing an end to Suning and Steven Zhang’s eight years at the helm. This follows the failure to repay the three-year loan granted by Oaktree to Inter’s holding company, having expired May 22, 2024 with an overall balance of approximately 395 million …

Title Club Inter Milan Serie Oaktree Serie A
How Steven Zhang lost control of Inter Milan – and what happens next
7 months, 2 weeks ago

How Steven Zhang lost control of Inter Milan – and what happens next

New York Times  

The day after Inter Milan clinched their 20th league title by defeating their rivals AC Milan in a historic Derby della Madonnina last month, players Hakan Calhanoglu and Marcus Thuram invited club president Steven Zhang to join them for an Instagram Live. In the days leading up to Inter’s second star-clinching game against Milan, Zhang, perhaps emboldened by how well …

Italy Club Shanghai Zhang Value Getty Images Instagram
Property stocks sink, Oaktree seizes assets: Evergrande update
2 years, 11 months ago

Property stocks sink, Oaktree seizes assets: Evergrande update

Hindustan Times  

Chinese developers’ shares slumped Thursday after two firms announced plans to issue fresh equity. U.S. investment firm Oaktree Capital is moving to seize a plot of land used as collateral by China Evergrande Group, the Financial Times reported. China Aoyuan Group Ltd. -- which changed its auditor ahead of a key earnings season for the industry -- completed a property …

China Canada Hong Kong Plan According Group Logan
Eindhoven High Tech Campus sold to Singapore State, not U.S. investor: report
3 years, 3 months ago

Eindhoven High Tech Campus sold to Singapore State, not U.S. investor: report

NL Times  

The new owner of the High Tech Campus in Eindhoven is the Singaporean State and not United States investment firm Oaktree. Campus director Jan-Willem Neggers explained to the newspaper that Oaktree is the manager of the mutual fund that now owns the High Tech Campus. Oaktree expressed grand ambitions for the High Tech Campus in a statement announcing the completion …

Singapore Campus State Oaktree Gic Eindhoven
Serie A winner Inter secures $336M finance deal with Oaktree
3 years, 7 months ago

Serie A winner Inter secures $336M finance deal with Oaktree

Associated Press  

MILAN — Inter Milan secured a financing deal with Oaktree Capital on Thursday that will see the American investment fund purchase a minority stake in the Serie A club and give the newly-crowned Italian champion a much-needed loan. Inter did not provide details of the deal but will reportedly receive a cash injection of 275 million euros, with a majority …

Inter Oaktree Serie A
Oaktree Capital draws activist ire over evictions
3 years, 10 months ago

Oaktree Capital draws activist ire over evictions

Live Mint  

Global investment firm Oaktree Capital Management came under fire during a public pension meeting Friday from an activist group demanding the firm’s real estate unit halt evictions from residential properties it owns during the coronavirus pandemic. Eileen O’Grady from the Private Equity Stakeholder Project told a meeting of officials from the $176.9 billion Teacher Retirement System of Texas that Oaktree …

Pension Eviction System Rent Oaktree Evictions
How Piramal Group Emerged as Preferred Bidder for DHFL: All You Need to Know
3 years, 11 months ago

How Piramal Group Emerged as Preferred Bidder for DHFL: All You Need to Know

News 18  

The intense bidding war for beleaguered mortgage lender Dewan Housing Finance Corporation has been won by Piramal Group at the end of voting by the Committee of Creditors on Friday, reported moneycontrol.com quoting a person familiar with the development. ‘PIRAMAL GROUP WINS BIG’ * According to another person in the know, the Piramals got over 94 per cent votes, way …

India Indian Bank Crore Group Oaktree Coc
Piramal-DHFL Bid: Why is the Resolution Important and What it Means for Creditors
3 years, 11 months ago

Piramal-DHFL Bid: Why is the Resolution Important and What it Means for Creditors

News 18  

Ajay Piramal-led Piramal Capital & Housing Finance Limited has emerged as the winning bidder for Dewan Housing Finance Limited, after almost 94 per cent of the creditors voted in its favour. Piramal Enterprises, a diversified Indian conglomerate, and American asset management company Oaktree have both made bids in the range of Rs 37,000-38,000 crore. Besides the financial aspects, creditors also …

Resolution Bank Crore Bid Creditors Piramal Enterprises Dhfl
Piramal Group Emerges as Preferred Bidder for Debt-ridden DHFL After Voting by Lenders
3 years, 11 months ago

Piramal Group Emerges as Preferred Bidder for Debt-ridden DHFL After Voting by Lenders

News 18  

Piramal Group emerged as the preferred bidder for troubled mortgage lender Dewan Housing Finance Corporation after the voting by the Committee of Creditors ended on January 15. According to the report, the Piramal Group bagged over 94 per cent votes, way past the required minimum of 66 per cent votes. The Piramal Group had on Saturday claimed that its bid …

Bank Crore Nclt Group Cent Bid Oaktree
Piramal, Oaktree agree to sweeten DHFL bids
4 years ago

Piramal, Oaktree agree to sweeten DHFL bids

Live Mint  

The race to acquire bankrupt Dewan Housing Finance Corp. Ltd has intensified with top bidders Oaktree Capital Management and Piramal Group offering to sweeten their bids as the sale process entered final negotiations, two people directly aware of the developments said. Sarvesh Kumar Sharma/Mint In the latest meeting with the lenders on 18 December, Piramal group proposed to invest an …

Crore Bid Lenders Oaktree Proposed Coc Dhfl
Oaktree Capital emerges highest bidder for Dewan Housing Finance
4 years ago

Oaktree Capital emerges highest bidder for Dewan Housing Finance

Live Mint  

Mumbai: Global alternative asset investor Oaktree Capital management has emerged as the highest bidder for Dewan Housing Finance Corporation Ltd in a revised round of bidding for the troubled mortgage lender, two people directly aware of the development told Mint requesting anonymity. According to the persons cited above, Oaktree Capital has bid ₹32,700 crore followed by Piramal group which has …

Crore Bid Offer Oaktree Revised Dhfl Oaktree Capital
Oaktree, Piramal, Adani submit revised bids for DHFL
4 years ago

Oaktree, Piramal, Adani submit revised bids for DHFL

Live Mint  

MUMBAI: In the latest round of bidding for assets of Dewan Housing Finance Corporation Ltd on Monday, three of the four bidders submitted revised offers to acquire the entire business of the troubled mortgage financier, according to two people aware of the matter. Oaktree Capital has bid ₹32,700 crore, While Piramal has offered ₹32,350 crore and Adani ₹29,860 crore to …

Crore Adani Offer Oaktree Dhfl Piramal Revised Bids
Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over ₹60,000 cr write-off
4 years, 2 months ago

Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over ₹60,000 cr write-off

Live Mint  

New Delhi: Adani Group and Piramal Enterprises are among the four entities that have placed bids for DHFL, the first financial services player undergoing insolvency process, according to sources. Therefore, sources said, accepting Oaktree bid would result in a write-off of ₹65,000 crore for the lenders led by State Bank of India. Adani Group has bid for DHFL's ₹40,000-crore wholesale …

Crore Nclt Bid Oaktree Sources Piramal Dhfl Lenders Stare
Adani Group, Piramal Among 4 Bidders for DHFL, Lenders Stare at Over Rs 60,000 Cr Write-off
4 years, 2 months ago

Adani Group, Piramal Among 4 Bidders for DHFL, Lenders Stare at Over Rs 60,000 Cr Write-off

News 18  

Adani Group and Piramal Enterprises are among the four entities that have placed bids for DHFL, the first financial services player undergoing insolvency process, according to sources. Therefore, sources said, accepting Oaktree bid would result in a write-off of Rs 65,000 crore for the lenders led by State Bank of India. Adani Group has bid for DHFL’s Rs 40,000-crore wholesale …

Company Crore Nclt Bid Oaktree Sources Dhfl
Oaktree Cap funds acquire DHFL loans worth ₹1,375 cr
5 years, 11 months ago

Oaktree Cap funds acquire DHFL loans worth ₹1,375 cr

Live Mint  

Mortgage lender Dewan Housing Finance Corp. Ltd has sold ₹1,375 crore worth of wholesale real estate project finance loans to funds managed by Oaktree Capital Management. The transaction is structured using Reserve Bank of India’s securitization guidelines, DHFL said on Tuesday, adding a residential project in Mumbai which is close to completion is security for the loans. The sale follows …

Finance Cap Oaktree Dhfl
Oaktree buys DHFL loans for ₹1,375 crore
5 years, 11 months ago

Oaktree buys DHFL loans for ₹1,375 crore

Live Mint  

Mumbai: Mortgage lender Dewan Housing Finance Ltd on Tuesday said that it has raised ₹1,375 crore from funds managed by Oaktree Capital Management, through securitization of loans. The transaction is structured using the RBI’s securitization guidelines and involves securitization of wholesale real estate project finance loans with security over a near-complete residential project in Mumbai, the lender said in a …

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