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Oaktree Capital's deal to acquire A-Cap Life Insurance Company has fallen through, with both parties now discussing alternative solutions.
Oaktree Capital Management's agreement to acquire A-Cap, a life insurer under Advantage Capital Holdings, has fallen through, Bloomberg reported, citing people familiar with the matter. This follows regulatory warnings about A-Cap's potential exposure to the now-defunct investment firm 777 Partners, with the companies now discussing alternative solutions.
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