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White & Case Advises Oaktree on Acquisition of Sanlam UK

Global law firm White & Case LLP has advised Oaktree Capital Management, L.P. (Oaktree) on the carve-out and acquisition of the UK private wealth management and investment businesses from Sanlam, the South African financial services and insurance group.

"Our team helped long-standing client Oaktree to successfully navigate this important strategic acquisition," said White & Case partner Richard Jones, who led the Firm's deal team. "This transaction demonstrates our established strengths advising on both private equity and financial services deals. It is also another example of our significant experience of acting on complex corporate carve-outs."

Oaktree is a leader among global investment managers specializing in alternative investments, with US$156 billion in assets under management as of June 30, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to credit, private equity, real assets, and listed equities. 

The White & Case team in London which advised on the transaction was led by partner Richard Jones, with support from partners Martin Forbes, Philip Trillmich and Jonathan Rogers and associates Will Summers, Kristen DiLemmo, Michael Hekimian, Janam Nagra, Dorothea James, Emma Barker and James Charteris-Black.

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