Mitsubishi UFJ Lease & Finance Co said on Thursday it plans to purchase U.S. aircraft leasing firm Jackson Square Aviation, owned by Oaktree Capital Group LLC, for about 100 billion yen ($1.3 billion). Mitsubishi UFJ Lease said that it will use cash on hand and new loans to finance the acquisition, scheduled to take place in December.
Oaktree Capital Group, LLC (Oaktree) is a global investment management firm focused on alternative markets. Shares of OAK traded higher by 1.74% or $0.69/share to $40.32. In the past year, the shares have traded as low as $34.00 and as high as $42.55. On average, 218325 shares of OAK exchange hands on a given day and today's volume is recorded at 37117.
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