M&A
confidence high
sentiment neutral
materiality 0.65
Blue Owl to issue ~$170M in stock and cash, plus up to $35M earnout, for Prima Capital acquisition
BLUE OWL CAPITAL INC.
- Will deliver 7,065,218 Class A shares (~$125.5M), 1,749,482 Class C shares + Common Units (~$31.1M), and ~$13.4M cash.
- Earnout up to ~$26.3M in Class A shares and ~$8.7M in Class C/Common Units, total max $35M.
- Acquisition expected to close in Q2 or Q3 2024, subject to customary conditions.
- Shares and units issued under Section 4(a)(2) exemption from registration.