Posts tagged as oaktree

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    Tuesday, November 3rd 2015

    Oaktree to hire advisors for possible Quik takeover

    by Markus Huber

    Oaktree Capital Management is said to be hiring AlixPartners to advise on a possible acquisition of Quiksilver. As reported, Oaktree lent the ailing boardsports company some $175 million to enable it to keep the operational business running. Quiksilver filed for bankruptcy in September. Bloomberg says, however, that other investors might be interested in a Quik […]

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    Monday, October 19th 2015

    Quik: U.S. court gives go-ahead to Oaktree proposal

    by Markus Huber

    A bankruptcy court in Delaware has approved the proposal of Oaktree Capital Management and bank of America to fund the continuation of bankrupt Quiksilver’s operations. The financial deal is, as reported, worth $175 million. Additionally, the court allowed another $10 million loan which is designed for payments to vendors critical to the surf company’s ongoing […]

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    Friday, October 16th 2015

    Quiksilver denies rumors of possible Billabong merger

    by Markus Huber

    Beleaguered board sports group Quiksilver, which filed for bankruptcy a few weeks ago, has excluded the possibility of a merger with Australian competitor Billabong International. The rumor was fueled after Oaktree Capital, which holds 18.7 percent of Billabong shares, is said to have helped refinance Quik through a deal worth $175 million. Bankers won’t exclude possibility of a […]