The Resurgence of Countrywide PLC

Caleb Kramer brings considerable experience in investment management to his role as managing director of Oaktree Capital Group. Mr. Kramer joined Oaktree in 2000. Before this, he co-founded Seneca Capital Partners, LLC. Subsequently, Caleb Kramer oversaw Oaktree Capital Group’s acquisition of a majority share in the major United Kingdom real estate agency, Countrywide PLC.

With approximately 10,500 employees throughout the United Kingdom, Countrywide PLC is presently the largest estate agency group in the nation. The company was established in 1986. After two decades, Countrywide was acquired by the private equity firm, Apollo Management, and de-listed from the London Stock Exchange. In subsequent years, other investors bought in and helped to turn around the ailing real estate company.

From 2007 to 2013, Countrywide achieved stability and, in the process, acquired other firms. They included UK Sotheby’s International Realty; Hamptons International; Blundells; and Mortgage Intelligence, one of the UK’s biggest mortgage distributors. Countrywide was re-admitted to the London Stock Exchange in 2013.

Today, Countrywide is the recipient of numerous industry awards. Within the last six years, the company has received more than 180 accolades, among them the RESI 2014 Letting Agency of the Year award and the ESTAS 2014 Best Large Chain award.

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