Homburger advised Brookfield Asset Management on all aspects of Swiss competition law in its acquisition of Oaktree Capital Management

On September 30, 2019, Brookfield Asset Management Inc. (Brookfield) announced that it had completed its acquisition of 61.2% of Oaktree Capital Management’s (Oaktree) business. In connection with the transaction, Brookfield acquired all of the outstanding Oaktree class A units and approximately 20% of the units of Oaktree Capital Group Holdings, L.P. held by the founders, senior management, and current and former employees of Oaktree. The aggregate amount of cash payable in the transaction was approximately USD 2.4 bn.

Homburger AG advised Brookfield on all questions regarding Swiss competition law and obtained unconditional Phase I merger control clearance before the Swiss Competition Commission. The Homburger team was led by partner Marcel Dietrich and comprised partner Richard Stäuber and associate Jonas Krull (all Competition, Regulatory).