Oaktree Capital completed the acquisition of a stake in the financial advisory and accounting network of AZ NGA from Azimut for A$240m.

Oaktree Capital, a global investment manager, completed the acquisition of a stake in the financial advisory and accounting network of AZ NGA, a financial advice firm, from Azimut, a global group in the asset management, wealth management, investment banking and fintech space, for A$240m. “AZ NGA and the leadership team have established themselves as the consolidator of choice for high performing financial planning and integrated accounting firms. Oaktree has invested in financial services platforms globally, such as Ascot Lloyd and Atomos, and we look forward to enhancing AZ NGA’s strong market position and sharing Oaktree’s seasoned investment philosophies to deliver even greater value to AZ NGA’s retail and wholesale clients. We will work together to achieve our shared vision of AZ NGA as Australia’s leading consumer financial services advisory firm,” Byron Beath, Oaktree Managing Director.