M&A
confidence high
sentiment neutral
materiality 0.55
Blue Owl closes Atalaya acquisition; issues ~$350M in common units plus up to $350M earnout
BLUE OWL CAPITAL INC.
- On Sept 30, 2024, Blue Owl delivered 20,016,013 common units in each of two partnerships, valued at ~$350M total.
- Earnout consideration of up to ~$350M in additional common units, payable in 2027 and 2029, subject to revenue targets.
- Common units can be exchanged for an equal number of newly issued Class A shares (OWL) upon cancellation of Class C shares.
- Consideration valued based on 20-day VWAP of OWL shares ending July 11, 2024.