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Alessandri Represents Oaktree in Acquisition of Minority Stake in Singular

Capital Markets, Mergers and Acquisitions
6 August, 2019

Alessandri advised Oaktree Capital Management, L.P. in its acquisition of a 20% strategic stake in Chilean-based asset management firm and placement agent Singular. This is Oaktree’s first corporate acquisition in Latin America.

Read the company press release

The Alessandri team was led by partner Felipe Cousiño, senior associate Nicole Cartier and associate José Antonio Cuadra.

See other news about this acquisition:

La Tercera and El Mercurio reported that this is the first corporate Acquisition by Oaktree in Latin America:

Diario Financiero reports that Singular will continue to operate independently and that Oaktree will have the right to appoint  a member of the Board.

It also quotes Howard Marks, co-Chairman of Oaktree who said he was very happy to take this next step “expanding our relationship and deepening our commitment in Latin America”.

Likewise, Pablo Jadue, Chairman of the board of Singular. Stated that  he was “really enthusiastic to associate ourselves closer with Oaktree. We value the experience and good practices that Oaktree offers to our platform, as well as its renewed support whilst we continue to develop our asset management business throughout Latin America”.

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