Money Makers Mentor

Owl Rock and Dyal Capital Merge

Owl Rock Capital Group and Dyal Capital Partners agree to merge and go public. They will do this through Altimar Acquisition Corp, which is a blank-check company, or SPAC. The new company is now Blue Owl Capital Inc. and has a valuation of $12.5 billion. It manages $45 billion in assets and will be listed on the New York Stock Exchange. This deal will close during the first half of the year.

The proceeds expected from the deal are $1.8 billion. Of that $1.8 billion, $275 million will be provided by Altimar through cash that is held in a trust. On top of that, $1.5 billion will come from investors. These investors include: ICONIQ Capital, CH Investment Partners and Liberty Mutual Investments. Altimar is a special propose acquisition company (SPAC) that raised $250 million in its IPO …

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