Blackstone (NYSE: BX) and Blue Owl (NYSE: OWL) have actually revealed a tactical minority stake acquisition in personal equity company Atlas Holdings. The financial investment is being handled through Blackstone GP Stakes and Blue Owl GP Strategic Capital. Regards to the offer were not divulged.
Atlas Holdings, developed in 2002 and based in Greenwich, Connecticut, runs a varied portfolio of 30 organizations throughout commercial, production, and circulation sectors. The company is understood for its concentrate on complicated scenarios needing functional knowledge and long-lasting dedication. The company presently handles around $16 billion in properties.
” Atlas’s capability to change complicated commercial organizations into more durable, higher-performing business lines up with the separated, resilient playbook we look for in a partner. We anticipate deepening our relationship and sharing Blackstone’s resources to support the company and its portfolio business,” Ward Young, CIO of Blackstone GP Stakes, stated.
Blackstone has actually made previous financial investments in personal equity business such as American Industrial Partners, FTV Capital, Great Hills Partners, and Nautic Partners.
Andrew Bursky, co-founder and handling partner of Atlas Holdings, included that the financial investment from Blackstone and Blue Owl highlights the quality and track record of Atlas. He pointed out that the collaboration will assist draw in skill and supply tactical assistance through the financier’s substantial GP assistance platforms.
Evercore functioned as monetary consultant, Kirkland & & Ellis LLP and Proskauer Rose LLP functioned as legal counsel to Atlas. Fried, Frank, Harris, Shriver & & Jacobson LLP functioned as legal counsel to Blue Owl. Paul, Weiss, Rifkind, Wharton & & Fort LLP functioned as legal counsel to Blackstone.
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