Rithm Capital Corp., a REIT and operator of NewRez, Caliber, and other related businesses, recently announced an agreement to acquire investment management firm Sculptor Capital Management. The terms of the transaction are stated to be approximately $639 million and will be evaluated and approved by shareholders of both companies.
This merger expands Rithm Capital’s product range as Sculptor operates several lines of business, most notably credit strategies, alternative liquid strategies, emerging markets and private equity active investment and risk management strategies. The union of Rithm Capital and Sculptor will create an integrated and diversified global platform. This merger will provide more expansive access to global markets and strategies to clients and investors that are not currently available from either company individually, without the mergers integration.
– Rithm Capital Corp., a REIT, to acquire Sculptor Capital Management for approximately $639 million
– Merger expands Rithm Capital’s product range
– Combines both companies to create an integrated, diversified global platform
– Provides more expansive access to global markets and strategies to clients and investors
You can read this full article at: https://www.housingwire.com/articles/rithm-to-acquire-sculptor-capital-for-639m/(subscription required)
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