Oaktree’s Investment in ITG Communications

Latham & Watkins LLP represented Oaktree in the transaction.

ITG Communications, a national provider of installation, fulfillment, constructio,  and project management services to the cable, telecommunications, and utility industries, has announced that it received an investment from funds managed by the Power Opportunities strategy of Oaktree Capital Management. Oaktree’s investment will help support the continued growth of the company. This transaction closed in December 2021 and terms of the investment were not disclosed.

Oaktree is a leading global investment manager specializing in alternative investments, with over $158 billion in assets under management as of September 30, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.

Latham & Watkins LLP represented Oaktree in the transaction with a corporate deal team led by Los Angeles partner Tana Ryan (Picture) and Bay Area partner Navneeta Rekhi, with Bay Area associate Christopher Cruickshank. Advice was also provided tax matters by Los Angeles partner Pardis Zomorodi, with Century City associate Brian Rogers; on real estate matters by San Diego partner James Mann, with San Diego associate Giannina Marciano; on benefits and compensation matters by New York partner Jennifer Pepin, with New York associate Madeline Hong; on labor matters by Los Angeles partner Joseph Farrell; on intellectual property and data privacy matters by Bay Area partner Anthony Klein and Bay Area counsel Robert Blamires, with Bay Area associates Amy (Dippolito) Tosi, Ryan Sanders, and Soo Min Lim; on antitrust matters by Washington, D.C. partner Ian Conner and Washington, D.C. counsel Patrick English; and on environmental matters by Washington, D.C. partner James Barrett, with Washington, D.C. associate Andrew Landolfi.

Involved fees earner: James Barrett – Latham & Watkins; Robert Blamires – Latham & Watkins; Ian Conner – Latham & Watkins; Christopher Alexander Cruickshank – Latham & Watkins; Amy Elizabeth Dippolito – Latham & Watkins; Patrick English – Latham & Watkins; Madeline Hong – Latham & Watkins; Anthony Klein – Latham & Watkins; Andrew Landolfi – Latham & Watkins; James Mann – Latham & Watkins; Giannina Marciano – Latham & Watkins; Jennifer Pepin – Latham & Watkins; Navneeta Rekhi – Latham & Watkins; Brian Rogers – Latham & Watkins; Tana Ryan – Latham & Watkins; Ryan Sanders – Latham & Watkins; Pardis Zomorodi – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Oaktree Capital Management;