Investment firm absorbs consumer brands

By Grace Ormsby|19 June 2019

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

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.

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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.

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Investment firm absorbs consumer brands
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