Coriant, a supplier of packet optical, IP, and SDN solutions to Tier 1 global service providers and web-scale Internet operators, has announced that funds managed by Oaktree Capital Management, L.P., a global investment firm, have made a strategic investment in the company with substantial new capital, the company said.
Terms of the transaction were not disclosed.
As part of the agreement, Oaktree has partnered with Marlin Equity Partners (“Marlin”) to provide additional growth capital and operational capabilities that will enable Coriant to further accelerate its growth by capturing an increasing share of market opportunities across the globe.
Coriant delivers innovative and dynamic networking solutions for a fast-changing and cloud-centric business world. The Coriant portfolio of edge-to-core packet optical, IP, and SDN solutions enables network operators to cost-efficiently scale network capacity, reduce operational complexity, and create the resilient foundation for a new generation of end-user services, including 5G, IoT, and Internet video.
Oaktree is a leader among global investment managers specializing in alternative investments, with USD 100 billion in assets under management as of March 31, 2017. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide.
Marlin Equity Partners is a global investment firm with over USD 6.7 billion of capital under management.