In a significant development in the real estate finance sector, Blue Owl Capital Inc. (NYSE: OWL), a prominent alternative asset manager, has completed the acquisition of Prima Capital Advisers from Stone Point Capital LLC for a total consideration of $170 million. This strategic purchase, initially announced in April 2024, is set to reinforce Blue Owl’s […]
Blue Owl Capital Inc. (“Blue Owl”) has made a significant move in the alternative asset management landscape by acquiring Prima Capital Advisors (“Prima”) for an aggregate consideration of $170 million. This strategic acquisition is set to create Blue Owl’s Real Estate Finance strategy, marking a pivotal expansion of its capital solutions suite with a new […]
ARKO Corp., a NASDAQ-listed convenience store operator, has agreed to acquire Pride Convenience Holdings for around $230 million, excluding the value of inventory. The acquisition of the convenience store operator in Northeast US will be executed by ARKO’s fully-owned subsidiary GPM Investments. As part of the transaction, ARKO will acquire 31 convenience stores, which include […]
Owl Rock Capital Group and Dyal Capital Partners will merge their businesses to create Blue Owl Capital, a US-based alternative asset management company, which will have over $45 billion in assets under management. Blue Owl Capital will be merged subsequently with a special purpose acquisition company (SPAC) called Altimar Acquisition, which is sponsored by HPS […]