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-0.00198131899235758 -0.00254741013303131 -0.00424568355505232 0.000849136711010505 0.00934050382111535 0.00735918482875758 0.00735918482875758 0.00990659496178889
Stock impact report

Alternative asset manager Blue Owl finalises Kuvare acquisition [Yahoo! Finance]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: Yahoo! Finance
Kuvare Insurance Services, which trades as KAM, was established in 2015. It operates various insurance and reinsurance businesses, managing around $20bn of assets as of 31 May 2024. Blue Owl Capital paid around $750m for the acquisition, announced in April 2024. It was funded through a mix of $325m in cash and $425m in Blue Owl Class A common stock. The deal consideration can be hiked by $250m if some revenue goals are satisfied. The completion of the deal comes after the companies secured the necessary regulatory approvals and fulfilled required closing conditions, including specified termination rights. Blue Owl Capital's move to acquire KAM is set to enhance its capacity to cater to the insurance market at scale. The deal marks a significant expansion of Blue Owl's existing services and the launch of a new division, Blue Owl Insurance Solutions. Blue Owl Insurance Solutions aims to integrate the company's alternative investment approach with expanded capabilities, ad Show less Read more
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