ATAC - Owl-Rock-Dyal deal seeing opposition from investor Sixth Street

A merger between Owl Rock Capital Partners and Dyal Capital Partners is being challenged by Sixth Street Partners, which is seeking to stop the deal until its concerns are addressed, according to a Bloomberg report.Sixth Street, led by Alan Waxman, claims that the terms of its 2017 stake sale to Dyal prevent them from a deal with a competitor such as Owl Rock without its consent. Sixth Streets wants it stake not be included in the deal.The Owl Rock/Dyal tie-up is being accomplished through SPAC Altimar Acquisition Corp (ATAC). Altimar in December agreed to combine with Owl Rock Capital and Neuberger Berman's Dyal Capital Partners to form Blue Owl Capital, an alternative asset management firm with more than $45B in assets under management.

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Owl-Rock-Dyal deal seeing opposition from investor Sixth Street