Buyout (LBO, MBO, MBI) • Construction

Oaktree Capital Management Acquires Cannon Kirk

On June 26, 2017, asset manager Oaktree Capital Management acquired construction company Cannon Kirk

Acquisition Context
  • This is Oaktree Capital Management’s 5th transaction in the Construction sector.
  • This is Oaktree Capital Management’s 7th transaction in the United Kingdom.

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M&A Deal Summary

Date June 26, 2017
Target Cannon Kirk
Sector Construction
Buyer(s) Oaktree Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Cannon Kirk

Cambs, United Kingdom
Cannon Kirk is a residential construction company. Cannon Kirk was founded in 1984 and is based in Cambs, United Kingdom.
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Buyer Overview 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 Context for Buyer #
Overall 79 of 129
Sector: Construction 5 of 8
Type: Buyout (LBO, MBO, MBI) 32 of 45
Country: United Kingdom 7 of 12
Year: 2017 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Coriant

Naperville, Illinois, United States

Coriant is a developer of an innovative and dynamic networking solutions for a fast-changing and cloud-enabled business world. The Coriant portfolio of SDN-enabled, edge-to-core transport solutions enables network operators to reduce operational complexity, improve utilization of multi-layer network resources, and create new revenue-generating services optimized for the evolving demands of business and consumer applications, including video, mobile, and cloud. Coriant was founded in 2013 and is based in Naperville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Avenga

Cologne, Germany

Avenga is a global IT platform, offering a full-service business solutions and supporting global organizations in their digital transformation. The Company understands the complexities of modern markets and translates them into real business solutions for pharma & life sciences, insurance, finance, automotive, and real estate. Avenga is based in Cologne, Germany.

Buy -