M&A
confidence high
sentiment positive
materiality 0.70
Blue Owl to issue ~$350M in units & $100M cash for Atalaya assets; earnout up to $350M
BLUE OWL CAPITAL INC.
- Will deliver ~20M common units and Class C shares valued at ~$350M plus $100M cash to acquire substantially all assets of Atalaya Capital Management LP.
- Earnout consideration up to ~$350M, payable in 2027 and 2029, contingent on revenue targets.
- Acquisition expected to close in H2 2024, subject to customary conditions.
- Units issued under Section 4(a)(2) exemption; holders can exchange for Class A shares.