Oaktree Capital Management completed the acquisition of RAFI.

Oaktree Capital Management, a private equity firm, completed the acquisition of RAFI, a provider of electromechanical components, from two managing partners Gerhard Schenk and Albert Wasmeier and BWK, a private equity firm. Financial terms were not disclosed. RAFI group develops and produces electromechanical components and systems for human-machine interaction. Headquartered in Berg/Germany, the company operates internationally with approx. 2,500 employees at sites in Germany, Europe, China and the USA.