Oaktree Capital Management, a private equity firm, agreed to acquire a 40% stake in MBE WorldWide, a diversified retailer, for $141m. "We are very excited about Oaktree working with us in our MBE business. We have ambitious plans to further develop MBE's competitive position, be present on the international market and strengthen its financial condition over the next few years. To achieve these goals, we were looking for a valued investment partner with extensive experience and comprehensive resources. At Oaktree, we found both," Paolo Fiorelli, MBE President and CEO.