M&A Deal Summary

Oaktree Capital Management Acquires Quiksilver

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

Acquisition Highlights
  • This is Oaktree Capital Management’s 1st transaction in the Apparel/Textiles sector.
  • This is Oaktree Capital Management’s 47th transaction in the United States.
  • This is Oaktree Capital Management’s 12th transaction in California.

M&A Deal Summary

Date 2016-02-11
Target Quiksilver
Sector Apparel/Textiles
Buyer(s) Oaktree Capital Management
Deal Type Special Situations/Distressed

Target

Quiksilver

Huntington Beach, California, United States
Quiksilver, Inc. designs, produces and distributes branded apparel, footwear and accessories. The company’s apparel and footwear brands represent a casual lifestyle for young-minded people who connect with its boardriding culture and heritage.

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Buyer(S) 1

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 67 of 108
Sector (Apparel/Textiles) 1 of 1
Type (Special Situations/Distressed) 2 of 3
State (California) 12 of 16
Country (United States) 47 of 71
Year (2016) 2 of 8
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 is based in Warsaw, Poland.

Buy -