Oaktree Acquires Close Brothers Group’s Wealth Management Unit
Thursday, 19 September 2024, 01:34
Acquisition Overview
Oaktree, a prominent global investment manager, is set to acquire Close Brothers Group’s wealth management unit for £200m. This deal is not just a financial transaction; it represents a strategic expansion into a burgeoning sector of the financial industry.
Details of the Transaction
- Transaction amount: £200m
- Projected completion date: Early 2025
- Involvement: Close Brothers is a respected UK merchant banking group
This acquisition highlights Oaktree’s focus on alternative investments, tapping into the growing demand for wealth management services in the UK.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.