Castlelake provides financing for several large airlines, including United Airlines and Turkish Airlines, that is secured against their planes. If a deal is agreed, the company would sit in Brookfield’s recently formed credit unit, which also holds a controlling interest in Oaktree Capital Management.
The talks between Brookfield and Castlelake, which are reportedly at a late stage but could still fail to progress, are part of a wider trend that has seen several large private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — acquire credit managers as they look to diversify their assets.
Source:Private Equity Wire
Can’t stop reading? Read more
Apollo and Sony to reconsider $26bn Paramount deal
Paramount Global was heading for a rocky start to trading today CNBC reported overnight that Sony...
EQT’s Sinding Says Buyout Firms Hunt for New Ways to Exit
A growing number of private equity giants are considering new ways of exiting their portfolio...
Blackstone-led consortium bids Haldiram Snacks at $8.5 billion
A consortium including Blackstone Singapore state fund GIC and Abu Dhabi Investment Authority...