Oaktree Capital Group Could Reap $595M From IPO

Law360, New York (March 30, 2012, 5:03 PM EDT) -- Leading private equity and distressed debt investment firm Oaktree Capital Group LLC announced plans to go public, filing an initial public offering on Friday indicating its plans to sell more than 10 million of its shares to raise up to $595 million before fees.

The Los Angeles-based firm expects its shares, in addition to about 1 million ponied up by existing shareholders, to sell for $43 to $46, according to the U.S. Securities and Exchange Commission filing. If the stock sells in the middle of that...
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