Sidley is representing Kuvare Asset Management (“KAM”) in its US$750 million acquisition by alternative asset manager, Blue Owl Capital, including a potential US$250 million earnout. Separately, Blue Owl has also purchased US$250 million of preferred equity in Kuvare UK Holdings (“Kuvare”). In addition to the preferred equity investment, Blue Owl and Kuvare entered into investment management agreements that will allow Blue Owl to deploy up to US$3 billion of assets across its existing investment platforms. Upon the closing of the KAM acquisition, Blue Owl will be allocated up to US$20 billion of AUM. KAM is a boutique investment management firm focused on providing asset management services to the insurance industry, including Kuvare UK Holdings.
The Sidley team is being led by Tony Ribaudo, Aaron J. Rigby, Ryan M. Scofield, and John Grothaus (M&A, Private Equity, and Financial Institutions – Insurance), and includes Fatema Orjela, Andrew N. Cebula, Hannah L. Marshall, Jennifer Chae, Jack Zeringue, Fran S. Gray, J.D. Swancoat, Cindy Yuan, Micaela A. Hannah, Molly Higginson, Ashley S. Rogers, Michael Bay, and Ramia R. Mitchell (M&A, Private Equity, and Financial Institutions – Insurance); Patrick J. Harrison, Jamie M. Sadler, Edward W. Sharon, and Fiona Shajko (Antitrust and Competition); Eileen M. Liu and Amanda M. Casanueva (Employee Benefits and Executive Compensation); Heather Palmer (Environmental); Ram Burshtine and Marc E. Weinstein (Global Finance); Beth M. Quintana, Victoria A. Anglin, Allison Hocevar, and Delia Wu (Investment Funds); Terri L. Reuter (Labor and Employment); Sheri Porath Rockwell and Carly R. Owens (Privacy and Cybersecurity); Liz K. McCloy and Brandon Bryer (Real Estate); Oliver Currall, Peter D. Edgerton, Nathan Enfield, Andrew C. Dibden, and Ryan L. Schroeder (Tax); and Lauren G. Grau and Garrett Sciortino (Technology and Life Sciences Transactions).
