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Stock impact report

Oaktree considers sale or IPO of Utmost Group – report [Yahoo! Finance]

Brookfield Asset Management Inc. (BAM) 
US:NYSE Investor Relations: bam.brookfield.com/en
Company Research Source: Yahoo! Finance
Oaktree Capital Management is assessing options for UK insurance-based wealth solutions provider Utmost Group, reported Bloomberg citing sources. The options on the table include a possible sale or a public listing in London. Sources have indicated that Oaktree is nearing the appointment of advisers to oversee the process. The review of options is still at a preliminary stage, and plans could be altered. Those familiar with the matter suggested that Utmost might be valued at approximately £2bn ($2.7bn), should a transaction take place. Representatives for both Oaktree and Utmost did not provide comment when contacted. Utmost Group, established in 2013, focuses on insurance-based investment products for affluent clients and reported £116.3bn in assets under administration as of the end of last year. Oaktree, itself a subsidiary of Brookfield Asset Management, has backed Utmost over a number of years. Last year, Utmost reached an agreement to sell its UK life and pensio Show less Read more
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