{"id":9909,"date":"2009-02-18T00:00:00","date_gmt":"2009-02-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"us-fund-takes-35-stake-in-stricken-countrywide","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/us-fund-takes-35-stake-in-stricken-countrywide.html","title":{"rendered":"US fund takes 35% stake in stricken Countrywide"},"content":{"rendered":"<p>Times Online &#8211; Oaktree Capital Management, a specialist investor that targets heavily indebted companies owned by buyout groups, has sealed its first big investment in Britain. <\/p>\n<p>The American-based Oaktree, which has just under &euro;1.8 billion (&pound;1.6 billion) to spend on distressed European companies, said on Tuesday that it had signed a deal to buy a large stake in Countrywide, the estate agency chain taken private for &pound;1 billion at the height of the buyout boom by Apollo, the US private equity fund. <\/p>\n<p>The deal, in which lenders to Countrywide will write off nearly &pound;600 million of its debt mountain, will raise hopes that distressed investors could begin to make an impact on Britain&#8217;s stalled buyout market. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.timesonline.co.uk\/tol\/business\/industry_sectors\/construction_and_property\/article5755719.ece\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; Oaktree 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 &euro;1.8 billion (&pound;1.6 billion) to spend on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1570,7725,677,234,4650,4504,7726,7724,4778,1422],"class_list":["post-9909","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-billion","tag-apollo","tag-boom","tag-euro-1","tag-investor","tag-investors","tag-lenders","tag-oaktree-capital-management","tag-private-equity-fund","tag-stake"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9909"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9909\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}