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Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks

Source: Bloomberg

M&A & RestructuringRegulation & LegislationCompany Fundamentals

Oaktree Capital Management’s agreement to take over a life insurer owned by Advantage Capital Holdings has collapsed. The companies are discussing alternatives after regulators raised concerns about the insurer’s potential exposure to defunct investment firm 777 Partners.

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