You have 2 free articles left this month.
Become a Premium Member to enjoy a wide range of benefits.
You have 2 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Big Law

Investment firm absorbs consumer brands

Oaktree Capital has been advised on its acquisition of consumer brand owner Marlin Brands.

June 20, 2019 By Grace Ormsby
Timothy Sackar
expand image

Firm: Clayton Utz (Oaktree Capital Management)

Deal: Clayton Utz has advised investment management firm Oaktree Capital on its acquisition of Marlin Brands, an owner of a number of consumer brands.

Value: Undisclosed

Area: M&A

Key players: Clayton Utz restructuring and insolvency partner Timothy Sackar led the firm’s team advising Oaktree Capital, with input from partners Rory Moriarty, Alex Schlosser, and Jonathan Donald.

Team members who provided support included special counsel Sidney Tang, senior associates Ashleigh Kable, Kate O’Donovan, Jillian Robertson, Anne-Marie Cropley, Seema Sandhu and Lara Solomons with lawyer Madeleine McCloy.

Deal significance: According to Clayton Utz, Marlin Brands, also known as Marlin Management Services, owns and manages various consumer durable businesses that include Décor, Willow, Albi homewares, Independence Studios and Pacific Optics.

Oaktree Capital Management is a “global alternative investment management firm”, it was reported.

The firm noted that the deal involved a combined debt and equity transaction agreed between Oaktree and Marlin Brands.

In a statement from Clayton Utz, the deal was reported to involve the implementation of new debt facilities provided by various financiers, which was complicated by Marlin Brands’ existing debt structure, where facilities provided by a range of international and domestic lenders were either refinanced or restructured as part of the transaction.

The deal also involved the restructure of Marlin Brands’ equity, with the replacement of certain investors and the implementation of new arrangements between the remaining and incoming investors, it was said.

Grace.Ormsby@momentummedia.com.au

Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member today
    Got a tip for us?
    If you have any news tips or stories to share, feel free to send them our way.
    Momentum Media Logo
    Most Innovative Company