Oaktree executes MediaWorks takeover

Fri, 05 Jun 2015

By Paul McBeth June 5 (BusinessDesk) - US hedge fund Oaktree Capital has completed its takeover of MediaWorks Investments, with filings to the Companies Office today confirming rumours it had taken 100 percent ownership of the media company. Tokyo Opportunities BV, the Oaktree vehicle used to house its MediaWorks stake, bought the minority shareholdings of rival private equity firms TPG Capital and Bain Capital, according to Companies Office filings today. The Los Angeles-based firm, which manages more than US$99.9 billion in assets, beca...

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