---
title: "BUZZ-Blue Owl extends gains after deal with credit manager Atalaya"
description: "Blue Owl Capital has announced its acquisition of credit manager Atalaya Capital Management for $450 million. The deal is expected to close later this year and will be modestly accretive to Blue Owl. "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/209031150.md"
published_at: "2024-07-16T17:41:05.000Z"
---

# BUZZ-Blue Owl extends gains after deal with credit manager Atalaya

> Blue Owl Capital has announced its acquisition of credit manager Atalaya Capital Management for $450 million. The deal is expected to close later this year and will be modestly accretive to Blue Owl. The purchase price includes $350 million of Blue Owl equity and $100 million in cash, with the potential for an additional $350 million to be earned after the deal closes. Blue Owl has been active in dealmaking recently, expanding into life insurance assets and real estate financing.

Shares of Blue Owl Capital (OWL.N) up 1.8% at $18.14 on Tues after alternative asset manager announced another acquisition

OWL shares gaining for 6th straight session, hit highest level since May 31

Blue Owl early Tues said will buy credit manager Atalaya Capital Management for $450 mln

Atalaya, which manages more than $10 bln, focused primarily on asset-based credit investments across consumer and commercial finance, corporate and real estate assets

Deal expected to close later this year and to be modestly accretive to Blue Owl, per the statement

Closing purchase price comprised of $350 mln of Blue Owl equity and $100 mln in cash

In addition, sellers could earn up to another $350 mln after deal closes, subject to certain adjustments and achievement of future revenue targets

Blue Owl, which had $174 bln of assets under management at end-Mar, has been on dealmaking spree since Apr

In recent weeks, it added life insurance assets by completing takeover of Kuvare Asset Management, and last month expanded into real estate financing after completing buyout of Prima Capital Advisors

With move on the session, OWL shares up ~22% YTD giving co market cap of about $26.5 bln, per LSEG. Stock closed at $11.68 a yr ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.