Oaktree Capital Management to acquire Great American Holdings from B. Riley Financial for $386m.

Oaktree Capital Management, a global investment manager, agreed to acquire Great American Holdings, an appraisal and valuation services unit, from B. Riley Financial, a diversified financial services platform, for $386m. "I am pleased to be partnering with Oaktree given its stellar track record and reputation as one of the world's leading asset managers. We believe Oaktree's scale and expertise in alternative investments and their strength as a capital provider, combined with the Great American Group's leading position as a provider of asset disposition, financial advisory and real estate advisory services, will prove complementary as we join forces to deliver financial products and services to better serve our clients," Bryant Riley, B. Riley Chairman and Co-CEO.