News Formal

Breakingviews - Fund firm merger-SPAC deal has hairy outline

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Indonesia Berita Berita

Dyal Capital and Owl Rock are considering merging and going public. richardbeales1 explains why insider relationships and a SPAC overlay make the deal look hairy.

A trader looks up at a chart on his computer screen while working on the floor of the New York Stock Exchange shortly after the market opening in New York July 11, 2013. REUTERS/Lucas Jackson

Dyal, a unit of Neuberger Berman, oversees holdings in other alternative asset managers worth some $22 billion. Owl Rock has direct-lending assets under management of $24 billion. Here’s where it gets interesting: Dyal last year bought a stake in Owl Rock, paying $500 million for a 20% interest according to the Wall Street Journal.

Again, that ought to be manageable. Shareholders in SPACs like Altimar are often specialist funds that leave such things to the principals involved. One challenge for investors who may buy in after a SPAC has found a target, however, is that deal terms are set by the same few people, not through a traditional market-based price-discovery process.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 470. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Holley to go public via merger with SPAC Empower Ltd. in $1.55 billion dealHolley, a maker of products for car and truck enthusiasts, said Friday it is going public via a merger with special purpose acquisition corporation Empower... good There's many people wondering how you knew with more than 30 minutes (arguably 14h) in advance, how $gme and $amc had simultaneously dropped by more than 40% the other day. wmwitkowski For those who don't know about this, I suggest you stop taking advices from these crooks.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Startups Axios and the Athletic discuss merger, consider SPAC dealSports-media outlet the Athletic is in merger talks with news startup Axios, according to people familiar with the matter, part of a plan to build a larger...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »