Blue Owl’s acquisition of Atalaya continues the trend of mergers and acquisitions activity between private-equity firms and asset managers as they strive to diversify their offerings to compete for limited partner dollars. Blue Owl is no stranger to the trend, unveiling plans in April to buy Kuvare Asset Management for up to $1 billion in a cash and stock transaction.
Blue Owl Buys Atalaya Capital : Legal Counsel
The Cravath partners team advising Atalaya was led by Mark I. Greene, Aaron M. Gruber, and Andrew M. Wark on M&A matters; J. Leonard Teti II and Andrew T. Davis on tax matters; Eric W. Hilfers on executive compensation and benefits matters; and Jesse M. Weiss on antitrust matters. Full legal counsel information for the Kirkland team advising Blue Owl was not immediately available Tuesday.
