Oaktree completed the acquisition of a 25.6% stake in ABC Technologies from Cerberus for $125m.

Oaktree, a private equity firm, completed the acquisition of a 25.6% stake in ABC Technologies, an automotive parts supplier, from Cerberus, a private equity firm., for $125m. Following completion of the acquisition, Oaktree intends to hold the ABC Shares for investment purposes. Subject to compliance with applicable laws, Oaktree may determine to acquire additional ABC Shares or dispose of ABC Shares through market transactions, public offerings, private agreement or otherwise, depending upon the price of the ABC Shares, market conditions, economic conditions and other factors.