Blue Owl acquires Prima Capital for $170M
The transaction is expected to enhance Blue Owl's capabilities in real estate investments, allowing it to offer a wider range of services to its clients. Prima Capital Advisors' seasoned team of professionals and established track record in the industry are seen as valuable assets that will complement Blue Owl's existing operations.
The acquisition comes at a time when the alternative asset management industry is experiencing significant growth and consolidation. By joining forces, Blue Owl and Prima Capital Advisors aim to capitalise on emerging opportunities in the market and deliver enhanced value to their stakeholders.
Commenting on the acquisition, representatives from both companies expressed enthusiasm about the synergies and growth prospects it offers. They emphasised their shared commitment to providing innovative solutions and superior investment performance to clients.
The deal is subject to regulatory approvals and customary closing conditions. Upon completion, Prima Capital Advisors will operate as part of Blue Owl's platform, leveraging its resources and network to drive further growth and success in the years ahead.