Angel Oak Partners with Brookfield
Deal News | Apr 01, 2025 | Paul Hastings
Paul Hastings LLP, a leading law firm, has advised Angel Oak Companies on a strategic partnership where Brookfield Asset Management will acquire a majority ownership stake. Angel Oak is an asset manager with $18 billion in assets under management, known for its innovative mortgage and consumer products. Brookfield’s investment promises to offer its investors access to Angel Oak’s residential mortgage credit strategies. The advisory team from Paul Hastings included senior partners in M&A and Investment Funds, emphasizing the firm’s role as a trusted advisor in strategic transactions involving major asset managers and corporations.
Sectors
- Asset Management
- Legal Services
- Financial Services
Geography
- United States – Both Angel Oak Companies and Paul Hastings are based in the United States, indicating the geographical focus of the transaction.
- Canada – Brookfield Asset Management has its roots in Canada, further widening the geographical scope of this transaction.
Industry
- Asset Management – Angel Oak Companies and Brookfield Asset Management both operate within the asset management industry, handling significant portfolios and investment strategies.
- Legal Services – Paul Hastings LLP, the legal advisor in the transaction, operates within the legal sector providing specialized mergers and acquisitions and investment funds advisory.
- Financial Services – Involvement of complex financial transactions between large financial institutions such as Brookfield and Angel Oak.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Angel Oak Companies | Target Company | Company | A leading asset manager with over $18 billion in assets under management known for innovative mortgage and consumer products. |
| Brookfield Asset Management | Bidding Company | Company | A global alternative asset manager acquiring a majority stake in Angel Oak. |
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm advising Angel Oak on the strategic partnership agreement with Brookfield. |