Atlas Holdings, a US-based private equity firm, which oversees more than $16bn in assets, has agreed to sell a minority stake in the business to Blackstone and Blue Owl Capital, according to a report by Bloomberg.
The report cites a statement reviewed by Bloomberg News as revealing that the investment will be made through Blackstone’s GP stakes platform and Blue Owl’s GP strategic capital strategy.
Founded in 2002 and based in Greenwich, Connecticut, Atlas focuses on acquiring and operating industrial, manufacturing and distribution companies. The firm and its affiliates currently own roughly 30 businesses. In May last year, Atlas raised $6.45bn for its fifth flagship private equity fund.
Blackstone’s GP stakes business has previously invested in firms including American Industrial Partners, GTCR, Leonard Green & Partners, Sentinel Capital Partners and Nautic Partners. Blue Owl meanwhile, has backed alternative asset managers such as Vista Equity Partners and Bridgepoint Group.
