Kirkland Advises Owl Rock Capital Group in Business Combination with Dyal Capital Partners, Altimar Acquisition Corporation to Form Blue Owl Capital Inc.

Kirkland & Ellis advised Owl Rock Capital Group in a definitive business combination agreement with Dyal Capital Partners to form Blue Owl Capital Inc., an alternative asset management firm with over $45 billion in assets under management. Blue Owl will enter the public market through a business combination with Altimar Acquisition Corporation (NYSE: ATAC), a special purpose acquisition company sponsored by an affiliate of HPS Investment Partners LLC. Blue Owl is expected to be listed on the NYSE under the ticker symbol “OWL” following the expected close of the transaction in the first half of 2021.

Read the Owl Rock and Dyal press release

The Kirkland team was led by transactional partners Rick Campbell and Thomas Laughlin; investment funds partners Rob Blaustein, Chris Gandia and Aaron Schlaphoff; capital markets partners Pippa Bond and Monica Shilling; and transactional associate Ben Hardison; and supported by transactional partner Jonathan Benloulou, and associates Bridget Ryan Hamway, John Phelan, Jordan Holtzer, Natalie Juliet Vesti, Nicola Budiman, Orlie Golan, Peter Liskanich, Reese Gwin and Robert Pollak; investment funds partners Aaron Ellias, Scott Moehrke, Stephanie Berdik and Townshine Wu, and associates Brian Palumbo and Coty Lee; capital markets partner Abbey Raish; debt finance partner Aditi Iyer; tax partners Donald E. Rocap, Meredith Levy and Mike Carew, and associates Natalie Kannan and Miles Johnson; and executive compensation partner Katherine Coverdale, and associates John Quagliariello and Matthew Wood.