MoFo Advises Management Team of IPI Partners in IPI’s Definitive Agreement to be Acquired by Blue Owl Capital

Morrison Foerster advised the management team of IPI Partners (“IPI”), a digital infrastructure fund manager, in connection with IPI’s definitive agreement to be acquired by Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager. Blue Owl will acquire IPI from an affiliate of ICONIQ Capital and an affiliate of Iron Point Partners for a purchase price of approximately $1.0 billion.

The MoFo team advised the management team of IPI in the negotiation of transaction terms, agreements, and consideration, including complex issues relating to tax, carried interest, and equity structuring, as well as the negotiation of go-forward employment and equity arrangements with Blue Owl.

The MoFo team was led by Washington, D.C. partner Michael Schulman, New York partner Josh Lerner, and San Francisco partner James Beach, with vital support from other team members.

Read the press release.