M&A Deal Summary

Oaktree Capital Management Acquires Coriant

On June 16, 2017, asset manager Oaktree Capital Management acquired technology hardware company Coriant from Marlin Equity Partners

Acquisition Highlights
  • This is Oaktree Capital Management’s 2nd transaction in the Technology Hardware sector.
  • This is Oaktree Capital Management’s 52nd transaction in the United States.
  • This is Oaktree Capital Management’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2017-06-16
Target Coriant
Sector Technology Hardware
Buyer(s) Oaktree Capital Management
Sellers(s) Marlin Equity Partners
Deal Type Secondary Buyout

Target

Coriant

Naperville, Illinois, United States
Entrance to Coriant's corporate headquarters in Naperville, Illinois.
Entrance to Coriant's corporate headquarters in Naperville, Illinois.
Coriant, Inc. 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 is based in Naperville, Illinois.

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Buyer(S) 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
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 74 of 108
Sector (Technology Hardware) 2 of 3
Type (Secondary Buyout) 14 of 21
State (Illinois) 3 of 3
Country (United States) 52 of 71
Year (2017) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Aavid Thermalloy

Concord, New Hampshire, United States

Aavid, through its global network of manufacturing and design centers, provides a broad range of technologically advanced thermal management solutions for aerospace and defense, telecommunication, LED lighting, server, data center, consumer electronics, transportation, and industrial applications to customers all over the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Cannon Kirk

Ely, United Kingdom

Cannon Kirk Ltd. is a residential construction company. Cannon Kirk was founded in Ely, United Kingdom.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.

DEAL STATS #
Overall 22 of 63
Sector (Technology Hardware) 2 of 4
Type (Secondary Buyout) 1 of 11
State (Illinois) 2 of 2
Country (United States) 20 of 46
Year (2017) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Tidemark

Redwood City, California, United States

Tidemark, Inc. is a Silicon Valley-based, enterprise financial planning and analytics cloud software company. Tidemark is a new breed of enterprise performance management (EPM) software with its modern cloud and mobile-first design. Innovative brands rely on the Tidemark platform and advanced analytics cloud to sharpen decision-making, reduce risk and improve business performance. Using Tidemark’s unique, intuitive apps, decision-makers across the organization gain access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations from any device. Tidemark has offices throughout North America and Europe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 eHealth Solutions

New York, New York, United States

eHealth Solutions, Inc. (dba SigmaCare) develops and markets innovative, best-in-class clinical solutions for long-term and post-acute care (LTPAC) facilities that lower risk, reduce rehospitalizations, decrease costs and increase reimbursement. SigmaCare automates the complete workflow, delivers clinical decision support, integrates with third-party providers and improves coordination across care settings.

Sell -
Mergr

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