Latham & Watkins Advises Highstar Capital in Acquisition

Oaktree Capital Management, L.P. (“Oaktree”) has entered into a definitive agreement to acquire the Highstar Capital (“Highstar”) team, a leading infrastructure investment manager. Financial terms were not disclosed. As detailed in the press release below issued by the parties, the transaction, which is subject to customary regulatory and other approvals, is expected to close in the third quarter of 2014, at which time Oaktree will become the manager of Highstar Fund IV with $2.3 billion of assets under management as of December 31, 2013.  Latham & Watkins LLP represents Highstar in the transaction with a corporate deal team led by partners Nadia Sager in San Diego and David Dantzic in Washington, D.C., with associate Amanda Molter in San Diego. Advice was also provided on tax matters by partners Cheryl Coe and David Della Rocca in Washington, D.C.