M&A Deal Summary

Oaktree Capital Management Acquires atomos wealth

On September 21, 2021, asset manager Oaktree Capital Management acquired financial services company atomos wealth from Sanlam for 140M GBP

Acquisition Highlights
  • This is Oaktree Capital Management’s 3rd transaction in the Financial Services sector.
  • This is Oaktree Capital Management’s 6th largest (disclosed) transaction.
  • This is Oaktree Capital Management’s 11th transaction in the United Kingdom.
Investment Fate
  • atomos wealth was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2021-09-21
Target atomos wealth
Sector Financial Services
Buyer(s) Oaktree Capital Management
Sellers(s) Sanlam
Deal Type Divestiture
Deal Value 140M GBP

Target

atomos wealth

London, United Kingdom
atomos wealth is a wealth management firm offering a variety of services including investment management and financial planning advice. atomos wealth was formerly Sanlam Wealth and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 107 of 129
Sector: Financial Services M&A 3 of 5
Type: Divestiture M&A Deals 7 of 9
Country: United Kingdom M&A 11 of 12
Year: 2021 M&A 8 of 12
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 ArchKey Solutions

St. Louis, Missouri, United States

ArchKey Solutions is an electrical and technologies contracting and services provider. As a platform for growth and the parent company for Sachs Electric, Parsons Electric, Sprig Electric and Mona Electric, ArchKey Solutions’ diversified offering provides scalability that is unmatched in the industry. ArchKey Solutions was founded in 1925 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Ports America

Morristown, New Jersey, United States

Ports America is a marine terminal operator in North America with operations in 70 locations and 33 ports across the United States. The company provides technology-driven solutions and covers a wide range of supply chain services including container, RoRo, breakbulk, military, and cruise ship operations. Ports America is based in Morristown, New Jersey.

Sell -

Seller(S) 1

SELLER

Sanlam

Bellville, South Africa

Category Company
Founded 1918
Sector Insurance
Employees23,926
Revenue 227.8B ZAR (2024)
DESCRIPTION

Sanlam is a life insurance company in South Africa but has since transformed into a diversified financial services group operating across Africa, India, and selected other emerging and developed markets, with listings on the Johannesburg, A2X, and Namibian stock exchanges. Sanlam was founded in 1918 and is based in Bellville, South Africa.


DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Saham Group SA

Casablanca, Morocco

Saham Group SA is a provider of insurance, customer relationship assistance, healthcare, and real estate business activities in Africa and the Middle East. Saham Group is conscious of its economic and social responsibility; it initiates and implements ambitious development projects in Africa through its corporate foundation. It strives to strengthen equal opportunity via two principal programs to encourage entrepreneurship and to improve access to healthcare.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-02 Curo Fund Services

Cape Town, South Africa

Curo Fund Services is a fund administrator servicing more than R 3 trillion in assets on behalf of a wide range of financial services clients. Curo Fund Services was formed in 2012 and is headquartered in Cape Town, South Africa.

Sell -