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BRIEF-Blue Owl Capital Expands Into Real Estate Finance With Acquisition Of Prima Capital Advisors
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BRIEF-Blue Owl Capital Expands Into Real Estate Finance With Acquisition Of Prima Capital Advisors
Apr 9, 2024 4:38 AM

April 9 (Reuters) - Blue Owl Capital Inc ( OWL ):

* BLUE OWL CAPITAL EXPANDS INTO REAL ESTATE FINANCE WITH

ACQUISITION OF PRIMA CAPITAL ADVISORS

* BLUE OWL CAPITAL INC ( OWL )- PROPOSED DEAL FOR AGGREGATE

CONSIDERATION

OF $170 MILLION

* BLUE OWL CAPITAL INC ( OWL ) - ACQUISITION OF PRIMA WILL BE FUNDED

THROUGH A COMBINATION OF APPROXIMATELY $157 MILLION OF EQUITY

AND APPROXIMATELY $13 MILLION IN CASH

* BLUE OWL CAPITAL INC ( OWL ) - THERE IS POTENTIAL FOR UP TO $35

MILLION

OF EARNOUT CONSIDERATION IN FORM OF EQUITY

* BLUE OWL CAPITAL INC ( OWL ) - UPON CLOSING OF ACQUISITION, PRIMA

EMPLOYEES ARE EXPECTED TO JOIN BLUE OWL

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