Oaktree Capital, a private equity firm, agreed to acquire Sanlam Wealth, the UK wealth division of Sanlam, South Africa’s largest insurer, for £140m. "We are delighted to have reached this agreement to acquire Sanlam Wealth. We firmly believe that the award-winning business built by Jonathan and his management team is a strong platform for growth in the fragmented wealth management market," Federico Alvarez-Demalde, Oaktree Managing Director.