Fair Oaks Income Fund Limited, managed by Fair Oaks Capital LP agreed to acquire two CLO Portfolios from GLI Finance Limited (AIM:GLIF) on May 6, 2014. Under the terms of the acquisition, Fair Oaks Income Fund agreed to pay a cash element and issue its shares as consideration, subject to a two year lock-in agreement. The transaction is subject to Fair Oaks Income Fund achieving its minimum fundraise and the admission to trading of Fair Oaks Income Fund on the specialist fund market of the London Stock Exchange, expected to take place on June 12, 2014. Dominic Morley of Panmure Gordon acted as financial advisor while Ed Berry and Jack Hickey of FTI Consulting acted as public relations advisors to GLI Finance.

Fair Oaks Income Fund Limited, managed by Fair Oaks Capital LP completed the acquisition of two CLO Portfolios from GLI Finance Limited (AIM:GLIF) for $54.7 million on June 12, 2014. Fair Oaks Income Fund paid $20.4 million in cash and issued 34.30 million shares with an issue price of $1, subject to a two year lock-in agreement.