Owl Rock and Dyal Complete Business Combination; Newly Formed Blue Owl Commences Trading on NYSE
Owl Rock Capital Group and Dyal Capital Partners to Combine and Form Blue Owl Capital via a Business Combination with Altimar Acquisition Corporation
Company Overview
Altimar Acquisition Corporation is a $275mm special purpose acquisition company (SPAC) sponsored by Altimar Sponsor, LLC, an affiliate of HPS Investment Partners, LLC.
On December 23, 2020, Altimar Acquisition Corporation entered into a definitive business combination agreement with Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group LLC to form Blue Owl Capital Inc., an alternative asset management firm with over $45 billion in assets under management.
On May 20, 2021, Blue Owl Capital Inc. (NYSE: OWL) announced the completion of the business combination with Altimar Acquisition Corporation.