Oaktree Capital Management

Hartree Partners (UK) Ltd. Acquires a 50% Share in Biomethane Expert Botres Holding GmbH

Retrieved on: 
Thursday, March 7, 2024
Environment, Finance, Other Energy, Professional Services, Sustainability, Alternative Energy, Green Technology, Energy, Agriculture, Natural Resources, Acquisition, LP, Renewable Energy Directive 2018, Partnership, Growth, Plant, RED, Oaktree Capital Management, Partner, Metal, Digestion, Hartree, Executive officer, Manure, Waste management, Sewage treatment

Hartree Partners (UK) Limited (“Hartree”), a wholly owned subsidiary of Hartree Partners LP, which is co-owned by its partners and funds managed by Oaktree Capital Management, announced that it has signed an acquisition agreement for a 50% share in Botres Holding GmbH and its subsidiaries (“Botres”).

Key Points: 
  • Hartree Partners (UK) Limited (“Hartree”), a wholly owned subsidiary of Hartree Partners LP, which is co-owned by its partners and funds managed by Oaktree Capital Management, announced that it has signed an acquisition agreement for a 50% share in Botres Holding GmbH and its subsidiaries (“Botres”).
  • Botres is led by its founders Dr. Stefan Kromus and Dr. Markus Grasmug, who serve as Managing Directors.
  • Jointly, Dr. Kromus and Dr. Grasmug have over 40 years of experience in the design, development, construction, and operation of waste focused biomethane plants.
  • Hartree is partnering with Botres to develop a European biomethane production business with a focus on Renewable Energy Directive (RED) compliant feedstocks, which will operate under the Botres brand.

Seres Therapeutics Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Business Updates

Retrieved on: 
Tuesday, March 5, 2024
Biotechnology, Infectious Diseases, Health, Pharmaceutical, Clinical Trials, Fast Track, Therapy, HCP, Chronic liver disease, David Berry (inventor), Recurrence, Clostridioides difficile infection, Infection, Research, Fast track (FDA), Education, FDA, Term loan, Variometer, Growth, Use, Retirement, ID, Sale, CDI, Immunodeficiency, Oaktree Capital Management, Risk, Commercial, Graft-versus-host disease, Intensive care medicine, Medicare, Spore, Patient, Medicare Part D, Acceleration, Gastroenterology, Clostridioides, Limitation, AMR, Pharmaceutical industry

Seres Therapeutics, Inc. (Nasdaq: MCRB), a leading microbiome therapeutics company, today reported fourth quarter and full year 2023 financial results and provided business updates.

Key Points: 
  • Seres Therapeutics, Inc. (Nasdaq: MCRB), a leading microbiome therapeutics company, today reported fourth quarter and full year 2023 financial results and provided business updates.
  • From launch through year-end 2023, there were 2,833 completed prescription enrollment forms received for VOWST, of those 2,015 resulted in new patient starts by year-end 2023.
  • Strong adoption of VOWST since commercial launch in June 2023 with broad utilization, continued quarter over quarter growth, and significant progress achieving patient access.
  • General and administrative expenses for the fourth quarter of 2023 were $17.2 million, compared with $22.4 million for the same period in 2022.

Museum of American Finance to Honor Richard H. Clarida, Howard Marks, Charles M. Royce and Tina Byles Williams at 2024 Gala

Retrieved on: 
Thursday, February 29, 2024
Finance, Banking, Professional Services, Arts, Museums, Entertainment, Citadel, Museum, Citadel Securities, Platinum, Oaktree Capital Management, Ziegfeld Theatre (1969), Museum of American Finance, Teaching, CNBC, Applied Technology, Cryptocurrency

The Museum of American Finance , the nation's only independent museum dedicated to finance and financial history, will honor the achievements of four financial leaders at its annual Gala on March 7, 2024.

Key Points: 
  • The Museum of American Finance , the nation's only independent museum dedicated to finance and financial history, will honor the achievements of four financial leaders at its annual Gala on March 7, 2024.
  • The Museum will honor Charles M. Royce—founder, chairman and portfolio manager of Royce Investment Partners—with its Financial Innovation Award.
  • The Museum of American Finance 2024 Lifetime Achievement Award will honor Howard Marks, co-chairman and co-founder of Oaktree Capital Management, for his outstanding career.
  • The Museum will also pay tribute to Tina Byles Williams—chief executive officer, chief investment officer and founder of Xponance—with a Special Recognition honor.

AM Best Assigns Credit Ratings to Marco Re Limited

Retrieved on: 
Monday, February 26, 2024
Insurance, Professional Services, ALL, Risk management, News, AM Best, Oaktree Capital Management, Risk, EUR, Credit

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Marco Re Limited (Marco Re) (Guernsey), which is a wholly-owned subsidiary of Marco Capital Holdings Limited (Marco) (Malta), the non-operating holding company of the Marco group.

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Marco Re Limited (Marco Re) (Guernsey), which is a wholly-owned subsidiary of Marco Capital Holdings Limited (Marco) (Malta), the non-operating holding company of the Marco group.
  • The ratings factor in Marco Re’s strategic importance to the Marco group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Establishment Labs Announces Amended Credit Facility with Oaktree

Retrieved on: 
Thursday, February 22, 2024
Medical Devices, Health, Consumer, Surgery, Women, Health Technology, ESTA, FDA, Oaktree Capital Management, Form, Interest, Motiva, Security (finance), Tranche

Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has amended its $225 million term loan facility with funds managed by Oaktree Capital Management, L.P. (“Oaktree”).

Key Points: 
  • Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has amended its $225 million term loan facility with funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
  • The terms on the two tranches already drawn under the facility, which total $175 million, are unchanged.
  • “This amended facility provides access to additional capital, should we need it, to ensure our successful launch of Motiva Implants in the United States,” said Juan José Chacón-Quirós, CEO and Founder of Establishment Labs.
  • We look forward to continuing our long-term relationship with Establishment Labs and are excited for what lies ahead.”
    A Form 8-K outlining the full terms of the credit facility will be filed with the Securities and Exchange Commission.

Cloud Capital Names Vivian Tongalson Head of IR and Capital Formation, Americas

Retrieved on: 
Thursday, February 15, 2024
Cloud, Consultant, Blackstone Inc., The, Philosophy, Capital formation, Oaktree Capital Management, Credit Suisse, Security (finance)

TAMPA, Fla., Feb. 15, 2024 /PRNewswire/ -- Cloud Capital, a leading dedicated data center investment management firm focused on acquiring high quality data centers globally, is pleased to announce that Vivian Tongalson has been appointed as the firm's Head of IR and Capital Formation in the Americas. With over 20 years of experience in alternative asset classes, including real estate and infrastructure, Ms. Tongalson has focused on developing relationships with institutional investors and consultants.

Key Points: 
  • Ms. Tongalson's appointment represents the company's first capital formation executive in the U.S.
    TAMPA, Fla., Feb. 15, 2024 /PRNewswire/ -- Cloud Capital , a leading dedicated data center investment management firm focused on acquiring high quality data centers globally, is pleased to announce that Vivian Tongalson has been appointed as the firm's Head of IR and Capital Formation in the Americas.
  • In this newly-created role, Ms. Tongalson will be leading Cloud Capital's capital formation and product strategy functions for the Americas, including fundraising, investor engagement, and investor relations initiatives.
  • Prior to Cloud Capital, Ms. Tongalson was a Managing Director at Grubb Properties where she led institutional capital formation.
  • She also worked at Highstar Capital, an infrastructure private equity fund, which was later acquired by Oaktree Capital Management.

The Forest Road Company Continues Aggressive Expansion With the Addition of Former Oaktree and Elliott Executives

Retrieved on: 
Tuesday, February 13, 2024
Banking, Asset Management, Professional Services, Finance, FRAM, Record, Merrill (company), Growth, Oaktree Capital Management, Executive, Elliott Investment Management, Broker-dealer, DNA, Financial services

The Forest Road Company (Forest Road), a next-generation merchant bank, announces two strategic additions to its executive leadership team, marking a significant milestone in the company’s commitment to excellence and growth.

Key Points: 
  • The Forest Road Company (Forest Road), a next-generation merchant bank, announces two strategic additions to its executive leadership team, marking a significant milestone in the company’s commitment to excellence and growth.
  • Oaktree Capital Management veteran Caleb Kramer has joined Forest Road as its President, and Keith L. Horn, former Chief Operating Officer of Elliott Management Corporation, has joined as its Executive Chairman.
  • These individuals will play a pivotal role in advancing Forest Road’s strategic initiatives, particularly its asset management business, Forest Road Asset Management (FRAM).
  • As President of Forest Road, Mr. Kramer will have a key leadership role in the strategy and growth of the business.

PEI Group Unveils NEXUS 2024: The Premier Private Investment Summit

Retrieved on: 
Monday, February 12, 2024
Senior, Intelligence, GP, Golf, Private Equity International, The Carlyle Group, Orlando Bravo, Oaktree Capital Management, CalSTRS, NEXUS, LP record, Partner (business rank), Thoma Bravo, Publication, PEI

NEW YORK, Feb. 12, 2024 /PRNewswire-PRWeb/ -- PEI Group, the leading source of intelligence for the private investment industry, is pleased to announce NEXUS 2024, the inaugural installment of an annual summit that aims to recast the conversation around and within private equity and connect limited partners responsible for more than $30 trillion with top-tier general partners.

Key Points: 
  • "With over 500 influential participants, including top investors, managers, and service providers in the asset class, NEXUS 2024 is a must-attend event for anyone in the private equity industry," said William O'Conor, PEI's U.S.
  • NEXUS 2024, which takes place March 6-8, 2024, in Orlando, Florida, is supported by three key industry publications published by PEI Group: Buyouts , the leading authority in U.S. mid-market private equity; PE Hub , the premium intelligence service covering private equity deal-making in North America, and Private Equity International , the only global publication with a primary focus on the relationship between private equity investors and fund managers.
  • The event is a natural extension of PEI Group's commitment to advancing the broad private equity community.
  • "2024 represents a pivotal year for private equity, and investors are at a critical juncture with respect to allocations and emerging opportunities.

Oaktree and Trinity Investor Alert from UNITE HERE Local 11: Los Angeles Times Article Alleges W Hollywood Hotel and Restaurant Failed to Prevent a Recurring Rat and Mouse Problem

Retrieved on: 
Thursday, February 8, 2024
Restaurant, Bar, Professional Services, Vacation, Lodging, Commercial Building & Real Estate, Travel, Construction & Property, Retail, Public Relations, Investor Relations, Labor, Communications, Finance, Public Policy, Government, Local, Mosaic, Union, Cal, Mouse, UNITE HERE, Investment, Occupational safety and health, Life, Trinity, Health, Biophysical environment, UNITE, Safety, ESG, Oaktree Capital Management, Feces, Social, Urine, Flour, Complaint, Airport, University, Rat

In December 2023, a Los Angeles Times article revealed disturbing allegations from workers at the W Hollywood’s upscale Sky Terrace restaurant, which is operated by Mosaic Hollywood LLC.

Key Points: 
  • In December 2023, a Los Angeles Times article revealed disturbing allegations from workers at the W Hollywood’s upscale Sky Terrace restaurant, which is operated by Mosaic Hollywood LLC.
  • Bags of flour and rice covered in what appeared to be rat feces, urine and bite marks.
  • When will Oaktree and Trinity re-hire the restaurant workers fired from Sky Terrace and provide appropriate back pay to these workers?
  • Why have Oaktree and Trinity failed to resolve the labor dispute at the W Hollywood by agreeing to the same contract that 30 other hotels have signed?

Vantiva appoints new Directors and Chairman to Board of Directors following strategic acquisition of CommScope Home Networks

Retrieved on: 
Thursday, February 8, 2024
Woman, Credit Solutions of America, Barclays, TPG, COMM, Acquisition, CommScope, Credit, Shearer, Oaktree Capital Management, Euronext Paris, Goldman Sachs, AUM, Angelo Gordon, Home, NSPS, Mass meeting, Knowledge, Management

Brian Shearer’s appointment follows the appointment of representatives of TPG Angelo Gordon and CommScope Company Inc. (“CommScope”), Nicola Mueller and Krista Bowen, respectively, who were elected to the Board at the last General Meeting.

Key Points: 
  • Brian Shearer’s appointment follows the appointment of representatives of TPG Angelo Gordon and CommScope Company Inc. (“CommScope”), Nicola Mueller and Krista Bowen, respectively, who were elected to the Board at the last General Meeting.
  • Vantiva also announced the appointment of Barclays Bank Ireland Plc, represented by Shabab Ditta, as Board Observer.
  • Brian Shearer replaces Richard Moat, who stepped down after a long tenure to allow, and in support of, a change in strategic direction following successful completion of the CommScope Home Networks acquisition.
  • Krista Bowen will bring over 25 years of legal experience to the Board in addition to a wealth of knowledge on CommScope Home Networks.