Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group entered into a definitive business combination agreement with Altimar Acquisition Corporation to form Blue Owl Capital, an alternative asset management firm with more than $45 billion in assets under management.
Alcentra, a manager of private debt, hired Chris Mulshine as head of U.S. distribution and a member of the executive management committee. Mulshine previously served as global head of private credit with Lazard Private Capital Advisory, and in other roles at Credit Suisse, UBS and Goldman Sachs.
UBS Private Wealth Management has hired Denis J. Cleary and Gregory M. Devine, along with analysts Abigail Harris, Seamus O’Neill, Mindi Chen and Christopher Carbone.
The Wall Street Journal reported Hong Kong’s security regulators have charged UBS with misleading wealthy clients for a decade and fined the bank HK$400 ($51 million) and demanded HK$200 ($26) million in customer compensation.
The Wall Street Journal reported that a UBS-led group plans to begin using a bitcoin-like token to settle cross-border trades.
Realty Income has closed on an amended $3.25 billion credit facility. Wells Fargo served as administrative agent for the transaction.
Trading company BB Energy raised a $245 million revolving credit facility to refinance existing credit and for general corporate purposes.
Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. Bank of America Merrill Lynch is leading the syndication.
Ortho-Clinical Diagnostic refinanced its credit agreement. The amended agreement consists of a $2.325 billion term B loan and a $350 revolving credit facility.
Sears Holdings amended its March 14, 2018 credit agreement, with UBS, Stamford Branch serving as administrative agent and UBS Securities acting as lead arranger and bookrunner.