M&A
confidence high
sentiment positive
materiality 0.75
Rithm Capital completes acquisition of Sculptor Capital for $719.8M ($12.70/share)
Rithm Capital Corp.
- Rithm completes all-cash acquisition of Sculptor Capital for $12.70 per Class A share, valuing deal at ~$719.8M.
- Sculptor common stock delisted from NYSE; unvested equity awards converted into restricted cash awards.
- CEO Nierenberg calls acquisition a significant milestone for Rithm's global asset management growth.
- Transaction closed on November 17, 2023; Citi as Rithm advisor, Skadden and Debevoise as legal counsel.