Blue Owl Capital Reports Acquisition Of Prima Capital Advisors For Aggregate Consideration Of $170M
Portfolio Pulse from Benzinga Newsdesk
Blue Owl Capital has announced the acquisition of Prima Capital Advisors for $170M, with the deal expected to close in Q2 or Q3 of 2024. The acquisition, aimed at expanding Blue Owl's asset management capabilities, will be funded through equity and cash, with additional earnout consideration. Prima, managing $10 billion in assets, will integrate its employees into Blue Owl post-acquisition.
April 09, 2024 | 11:08 am
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Blue Owl Capital's acquisition of Prima Capital Advisors for $170M, funded through equity and cash, aims to enhance its asset management capabilities.
The acquisition of Prima Capital Advisors by Blue Owl Capital is significant due to the substantial increase in assets under management it represents, adding $10 billion to Blue Owl's portfolio. The deal, funded through a mix of equity and cash, with potential additional earnout consideration, indicates a strategic move to enhance Blue Owl's position in the asset management industry. Given the scale of the acquisition and the financial structuring, it is likely to be viewed positively by investors, potentially leading to a short-term uptick in Blue Owl's stock price.
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