Investor Presentaiton
Transaction Summary
Brookfield
•
•
•
•
On March 13, 2019, Brookfield Asset Management ("BAM") and Oaktree Capital Group
("OAK") announced an agreement whereby BAM will acquire 62% of OAK
Holders of Oaktree Capital Group, including the founders and certain members of
management and employees, will remain 38% owners of OAK
OAK Class A units will be acquired for per unit consideration of either $49.00 in cash or
1.0770 BAM shares at the election of OAK Class A unitholders. Elections will be made on a
per unit basis and will be subject to pro-ration such that the total consideration paid by BAM
consists of 50% in cash and 50% in BAM shares
The initial transaction will require $4.7 billion of consideration, funded 50/50 with cash and
BAM shares (51.4 million shares)
BAM's Board of Directors has unanimously approved the transaction
The OAK Board of Directors and the Special Committee of OAK's Board of Directors have
unanimously recommended that OAK unitholders approve the transaction
On closing, both BAM and OAK will continue to operate their respective businesses and will
continue to be led by their existing management and investment teams
•
BAM's existing credit funds will continue under the BAM banner
1View entire presentation