Investment Summary

Oaktree Capital Management Invests In Rand Logistics

On February 17, 2021, asset manager Oaktree Capital Management invested in transportation company Rand Logistics

Investment Highlights
  • This is Oaktree Capital Management’s 4th transaction in the Transportation sector.
  • This is Oaktree Capital Management’s 65th transaction in the United States.
  • This is Oaktree Capital Management’s 5th transaction in New York.

Investment Summary

Date 2021-02-17
Target Rand Logistics
Sector Transportation
Investor(s) Oaktree Capital Management
Deal Type Stake Purchase

Target

Rand Logistics

Williamsville, New York, United States
Rand Logistics is a provider of bulk freight shipping services throughout the Great Lakes region. Through its subsidiaries, the Company operates a fleet of three conventional bulk carriers and twelve self-unloading bulk carriers including three tug/barge units. The Company is the only carrier able to offer significant domestic port-to-port services in Canada. Rand Logistics was founded in 1994 and is based in Williamsville, New York.

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Investor(S) 1

Investor

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 103 of 129
Sector: Transportation M&A 4 of 6
Type: Stake Purchase M&A Deals 7 of 8
State: New York M&A 5 of 6
Country: United States M&A 65 of 83
Year: 2021 M&A 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Win Brands Group

New York City, New York, United States

Win Brands Group is a direct-to-consumer brand scale platform focused on leveraging best in class technology partners to build and scale the most innovative customer-first brands in the world. Win Brands Group was founded in 2016 and is based in New York City, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Foodtastic

Montreal, Quebec, Canada

Foodtastic provides restaurant franchising business. The Company operates as a franchisor of multiple restaurant concepts including, La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. Foodtastic was founded in 2016 and is based in Montreal, Quebec.

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