T. Rowe Price acquires Oak Hill Advisors

OHA will operate as a standalone business within T. Rowe Price

clock • 2 min read
OHA will operate as a standalone business within T. Rowe Price
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OHA will operate as a standalone business within T. Rowe Price

T. Rowe Price is buying alternative credit manager Oak Hill Advisor (OHA) for a total consideration of $4.2bn, to be paid mostly in cash, as demand for alternative credit strategies among institutional investors gathers pace.

The $1.6trn investment manager will acquire 100% of the equity in OHA for up to $4.2bn, with $3.3bn of this payable upon closing. The $3.3bn will be 74% in cash and 26% in T. Rowe Price stock, with...

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