Blue Owl Capital (OWL) has finalized an agreement to acquire Atalaya Capital Management, an alternative credit manager, for $450 million. This acquisition price includes $350 million in Blue Owl equity and $100 million in cash. Additionally, there's the potential for up to $350 million in earnout consideration, also in the form of equity. The transaction is projected to be modestly accretive to Blue Owl's earnings by 2025.
Atalaya Capital Management specializes in asset-based credit investments, focusing on consumer and commercial finance, corporate assets, and real estate. Headquartered in New York, Atalaya employs approximately 115 individuals, with over 50 being investment professionals.
