T. Rowe Price Group (TROW) Acquires Oak Hill Advisors for $4.2B in Cash and Stock

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Go back to T. Rowe Price Group (TROW) Acquires Oak Hill Advisors for $4.2B in Cash and Stock

T. Rowe Price To Acquire Oak Hill Advisors, Accelerating Expansion Into Alternative Investment Markets

October 28, 2021 7:00 AM EDT

BALTIMORE and NEW YORK, Oct. 28, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today announced a definitive agreement to purchase Oak Hill Advisors, L.P. (OHA), a leading alternative credit manager.

Under the terms of the transaction, T. Rowe Price will acquire 100% of the equity of OHA and certain other entities that have common ownership for a purchase price of up to approximately $4.2 billion, with $3.3 billion payable at closing, approximately 74% in cash and 26% in T. Rowe Price common stock, and up to an additional $900 million in cash upon the... More