A raft of top firms have landed roles as private equity group Oaktree Capital Management makes its first major investment in the UK with a proposal to buy a stake in the country's largest estate agency, Countrywide. Slaughter and May, Freshfields Bruckhaus Deringer, Linklaters, Ashurst and US leader Wachtell Lipton Rosen & Katz have all scored roles on the deal, which could see Oaktree purchase a 35% stake in the company for around £75m.The proposed transaction comes only two years after firms including Slaughters and Ashurst advised on Apollo Management's £1bn acquisition of Countrywide during the height of the property boom.
February 25, 2009 at 10:35 AM
1 minute read
The original version of this story was published on Legalweek
US equity group purchases stakes in distressed UK estate agency
A raft of top firms have landed roles as private equity group Oaktree Capital Management makes its first major investment in the UK with a proposal to buy a stake in the country’s largest estate agency, Countrywide.
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