BRIEF-Blue Owl Capital To Acquire Kuvare Asset Management For $750 Mln-March 2024-www.financetom.com

BRIEF-Blue Owl Capital To Acquire Kuvare Asset Management For $750 Mln

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BRIEF-Blue Owl Capital To Acquire Kuvare Asset Management For $750 Mln

Apr 3, 2024 3:38 AM

April 3 (Reuters) - Blue Owl Capital Inc ( OWL ):

* BLUE OWL CAPITAL TO ACQUIRE KUVARE ASSET MANAGEMENT FOR

$750

MILLION

* BLUE OWL CAPITAL INC ( OWL ) - BLUE OWL ALSO INVESTED $250 MILLION

KUVARE UK HOLDINGS

* BLUE OWL CAPITAL INC ( OWL ) - THESE TRANSACTIONS ARE EXPECTED TO

ACCRETIVE TO BLUE OWL IN 2024

* BLUE OWL CAPITAL INC ( OWL ): UPON CLOSING OF KAM ACQUISITION,

MOST KAM

EMPLOYEES ARE EXPECTED TO JOIN BLUE OWL

* BLUE OWL CAPITAL INC ( OWL ) - ENTERED INTO A DEFINITIVE PURCHASE

AGREEMENT TO ACQUIRE KUVARE INSURANCE FOR $750 MILLION

* BLUE OWL CAPITAL INC ( OWL ) - BLUE OWL WILL FUND KAM ACQUISITION

THROUGH A COMBINATION OF $325 MILLION IN CASH AND $425 MILLION

IN BLUE OWL CLASS A COMMON STOCK

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