Oaktree Capital Group, LLC agreed to acquire an unknown majority stake in 17Capital LLP on March 9, 2022. The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close before the end of the third quarter of 2022. Simpson Thacher & Bartlett LLP acted as legal advisor to Oaktree Capital Group, LLC, Evercore Partners LLC acted as financial advisor to 17Capital and a team led by Daniel Lavon-Krein, Christopher Gandia, Roger Johnson, Adrian Duncan, Brad Friedman, James King, Andy Shore, Lee Morlock, Peter Abbott and Rob Sharpe Kirkland & Ellis LLP acted as legal advisor to 17Capital.