Blackstone, Blue Owl To Acquire Minority Stake In Atlas

Blackstone (NYSE:BX) and Blue Owl (NYSE:OWL) have announced a strategic minority stake acquisition in private equity firm Atlas Holdings. The investment is being managed through Blackstone GP Stakes and Blue Owl GP Strategic Capital. Terms of the deal were not disclosed.

Atlas Holdings, established in 2002 and based in Greenwich, Connecticut, operates a diverse portfolio of 30 businesses across industrial, manufacturing, and distribution sectors. The firm is known for its focus on complex situations requiring operational expertise and long-term commitment. The firm currently manages approximately $16 billion in assets.

 "Atlas's ability to transform complex industrial businesses into more resilient, higher-performing enterprises aligns with the differentiated, durable playbook we seek in a partner. We look forward to deepening our relationship and sharing Blackstone's resources to support the firm and its portfolio companies," Ward Young, CIO of Blackstone GP Stakes, said.

Blackstone has made previous investments in private equity companies such as American Industrial Partners, FTV Capital, Great Hills Partners, and Nautic Partners.

Andrew Bursky, co-founder and managing partner of Atlas Holdings, added that the investment from Blackstone and Blue Owl underscores the quality and reputation of Atlas. He mentioned that the partnership will help attract talent and provide strategic support through the investor’s extensive GP support platforms.

Evercore served as financial advisor, Kirkland & Ellis LLP and Proskauer Rose LLP served as legal counsel to Atlas. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Blue Owl. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Blackstone.

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