Blue Owl Capital Inc. (NYSE:OWL) agreed to acquire Assests of Atalaya Capital Management LP for approximately $810 million on July 16, 2024. A cash consideration of $100 million will be paid by Blue Owl Capital Inc. The consideration consists of 20.02 million common equity of Blue Owl Capital Inc. having a value of $356.49 million to be issued for assets of Assests of Atalaya Capital Management LP. Blue Owl Capital Inc. will pay an earnout/contingent payment of $350 million common equity, to be payable in 2027 and 2029. As part of consideration, $806.49 million is paid towards assets of Assests of Atalaya Capital Management LP. The Acquisition is expected to close in the second half of 2024, subject to customary closing conditions.

Citigroup CIB, MUFG Bank, Ltd, SMBC Group, Wells Fargo & Company acted as financial advisor to Blue Owl Capital Inc. Kirkland & Ellis LLP is acting as legal advisor to Blue Owl Capital Inc. Mizuho Financial Group, Inc, Royal Bank of Canada, Truist Financial Corporation acted as financial advisor to Atalaya Capital Management LP and Cravath, Swaine & Moore LLP acted as legal advisor to Atalaya Capital Management LP