Announced
Completed
Financials
Tags
Private Equity
United States
alternative asset management firm
Acquisition
Majority
Public
Private Equity
Domestic
Friendly
Single Bidder
Completed
Synopsis
Rithm Capital, an asset manager focused on the real estate and financial services industries, completed the acquisition of Sculptor Capital Management, an alternative asset manager, for $720m. “The completion of this transaction is a significant milestone for our team and an important next step in the growth and evolution of Rithm. We are excited to bring together our talented teams and create a superior global asset management business focused on delivering significant, long-term value for our shareholders and fund investors," Michael Nierenberg, Rithm Capital Chairman and CEO.
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