Ares Management Corporation Stock Price, News & Analysis

EPIC Midstream Holdings has appointed Jason Blevins as Chief Operating Officer effective March 22, 2021. Reporting to CEO Brian Freed, Blevins brings significant operational expertise, particularly from his previous roles in the Permian Basin and Texas Gulf Coast. His experience includes leadership positions at Ares Management and Plains All American. This appointment aligns with EPIC's strategy to transition from a development-focused company to a premier operating entity, enhancing services for customers and partners.

Ares Management Corporation (NYSE: ARES) has entered into a definitive agreement to acquire 100% of Landmark Partners, LLC for $1.08 billion. The deal includes approximately $787 million in cash and $293 million in Ares Operating Group Units. Landmark, a leader in secondary private fund ownership stakes, has $18.7 billion in assets under management. The acquisition aims to enhance Ares' offerings in alternative investments, capitalizing on increasing investor interest and expected strong performance. Landmark's management team, recognized for their innovative solutions, will remain integral to the new venture.

Savers has reached a definitive agreement for Ares Management Corporation (NYSE: ARES) to acquire full ownership from Crescent Capital Group. Ares, a minority stakeholder, will assume majority ownership, enhancing its investment in Savers, which boasts nearly 300 stores across North America and Australia and generates an average annual revenue of $1.2 billion. The acquisition aims to support Savers' growth in the thrift retail sector, capitalizing on the rising demand for sustainable and pre-owned goods. The deal's closing is contingent on standard conditions.

Ares Management Corporation (NYSE: ARES) announces the final closing of its Ares Pathfinder Fund, L.P., achieving $3.7 billion in commitments, surpassing its $2.0 billion target. The Fund, managed by Ares’ Alternative Credit team, focuses on alternative credit assets, with $13 billion in assets under management as of December 31, 2020. Pathfinder also commits to donating at least 10% of its carried interest profits to global health and education charities. The Fund attracted 80 global investors, with 34% being new clients, indicating strong confidence in Ares’ investment strategy.

Ares Management Corporation (NYSE: ARES) has announced that its COO and CFO, Michael McFerran, will participate in a panel discussion at the RBC Capital Markets Global Financials Conference on March 10, 2021, at 9:20 am ET. Investors can access a live audio webcast of the presentation through the Investor Resources section of Ares' website. A replay will also be available shortly after the event. Ares Management is a prominent global alternative investment manager, overseeing approximately $197 billion in assets as of December 31, 2020.

AMP Limited and Ares Management Corporation (NYSE: ARES) have agreed to a non-binding Heads of Agreement for a joint venture involving AMP Capital's private markets businesses, including infrastructure equity, infrastructure debt, real estate, and other minority investments. Ares aims to acquire 60% of the joint venture, valued at A$2.25 billion, for A$1.35 billion, while AMP retains 40%. The venture will enhance growth potential and is expected to yield significant cash proceeds for AMP. The agreement remains subject to regulatory and shareholder approvals.

Ares Management Corporation (NYSE: ARES) and Generation Partners announced a joint venture acquisition of two student accommodation assets in Exeter and Cardiff for £157.5 million, totaling 1,359 beds. This investment aligns with their strategy focusing on Purpose-Built Student Accommodation (PBSA) in the UK. The assets, completed by Mace Developments, feature high-quality buildings and excellent amenities. Ares aims to expand its portfolio in the student housing sector, leveraging Generation’s two decades of experience in PBSA.

Ares Management Corporation (NYSE: ARES) will have its CEO Michael Arougheti and COO/CFO Michael McFerran present at the 22^nd Annual Credit Suisse Financial Services Forum on February 25, 2021, at 12:10 p.m. ET. A live audio webcast of the presentation will be available in the Investor Resources section of Ares' website, with a replay accessible shortly after the event. Ares Management Corporation specializes in alternative investments and manages approximately $197 billion in assets globally as of December 31, 2020.

Ares Management Corporation (NYSE: ARES) announced significant financing commitments, closing approximately $7.3 billion across 68 transactions in Q4 2020, and a total of $13.7 billion across 163 transactions for the entire year. Key transactions include financing for Advarra, Arrowhead Engineered Products, and Rawlings Sporting Goods, among others, highlighting ARES's role as a crucial financial partner in various sectors such as healthcare, logistics, and manufacturing. The company manages about $197 billion in assets, showcasing its strong market presence.