Special Situations/Distressed • Apparel/Textiles

Oaktree Capital Management Acquires Quiksilver

On February 11, 2016, asset manager Oaktree Capital Management acquired apparel/textiles company Quiksilver

Acquisition Context
  • This is Oaktree Capital Management’s 1st transaction in the Apparel/Textiles sector.
  • This is Oaktree Capital Management’s 46th transaction in the United States.
  • This is Oaktree Capital Management’s 12th transaction in California.
Investment Fate
  • Quiksilver was sold to a strategic buyer in 2023.

Explore All 40 Special Situations/Distressed Apparel/Textiles Deals - Search the Database Free


M&A Deal Summary

Date February 11, 2016
Target Quiksilver
Sector Apparel/Textiles
Buyer(s) Oaktree Capital Management
Deal Type Special Situations/Distressed

Target Company

Quiksilver

Huntington Beach, California, United States
Quiksilver designs, produces and distributes branded apparel, footwear and accessories. The company apparel and footwear brands represent a casual lifestyle for young-minded people who connect with its boardriding culture and heritage. Quiksilver was founded in 1969 and is based in Huntington Beach, California.
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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 68 of 129
Sector: Apparel/Textiles 1 of 2
Type: Special Situations/Distressed 2 of 3
State: California 12 of 15
Country: United States 46 of 83
Year: 2016 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Veritext

Costa Mesa, California, United States

Veritext is a pre-trial deposition services provider in the United States, offering end-to-end services for law firms and corporate clients. Veritext connects its clients to its network of independent court contractors, including court reporters, videographers, and interpreters, to help administer more depositions per year than any other provider. Veritext was founded in 1997 and is based in Costa Mesa, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-10 ProService

Warsaw, Poland

ProService is a provider of technology services and solutions to mutual and pension funds, insurance companies, and banks. The Company offers a variety of services including transfer agent, asset valuation, fund distribution, asset management, corporate accounting, manage Services, and IT solutions. ProService was founded in 1994 and is based in Warsaw, Poland.

Buy -