Affiliates of investment funds managed by Oaktree Capital Managementt have completed the acquisition of Pulse Electronics Corporation.
Oaktree invested a total of USD17.0 million in Pulse and subsequently acquired 100 per cent of its outstanding shares, making Pulse a private company.
As a result of the transaction closing, Pulse’s stock will no longer trade in any public market. Pulse shareholders are entitled to receive USD1.50 in cash for each share of common stock they held as of 13 April, 2015. Pulse will continue to be led by Mark Twaalfhoven as Chief Executive Officer.
Dentons US LLP acted as counsel to Pulse. Paul, Weiss, Rifkind, Wharton and Garrison LLP acted as counsel to Oaktree. The Pulse Special Committee was advised by Latham & Watkins LLP as counsel and Houlihan Lokey Capital, Inc. as financial advisor.
