M&A
confidence high
sentiment positive
materiality 0.80
Blue Owl acquires Kuvare Asset Mgmt for $750M, invests $250M in preferred equity
BLUE OWL CAPITAL INC.
- Consideration: $750M ($325M cash + $425M in OWL stock); earnout up to $250M cash tied to revenue milestones.
- Blue Owl invested $250M in preferred equity of Kuvare UK Holdings to create long-term alignment and provide growth capital.
- Up to $20B in AUM added; Blue Owl Insurance Solutions launched; IMAs allow $3B deployment across platforms.
- Acquisition expected to close Q2/Q3 2024, subject to regulatory approvals; accretive to Blue Owl in 2024.