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Countrywide sells stake to distressed debt firm
Oaktree, the US specialist distressed investor, is about to seal its first major British investment with a cash injection into Countrywide, the estate agency chain, in a deal that may signal the bottom of the property market. Oaktree is close to signing a deal to take about 35 per cent of the business...
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- News Source: The Independent | 9 months agoThe estate agent Countrywide, which also operates under brands including Faron Sutaria, Gascoigne-Pees and John D Wood, has had to bring in three new co-owners after drowning under the £740 m of debt used in its 2007 acquisition by buyout firm...
- News Source: Times Online | 9 months agoOaktree Capital Management, a specialist investor that targets heavily indebted companies owned by buyout groups, has sealed its first big investment in Britain. The American-based Oaktree, which has just under €1.8 billion (£1.6 billion) to spend...
- News Source: Times Online | 9 months agoOaktree, the US specialist distressed investor, is about to seal its first major British investment with a cash injection into Countrywide, the estate agency chain, in a deal that may signal the bottom of the property market. Oaktree is close to...
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