Ares Management Corporation Stock Price, News & Analysis

Resource Label Group has successfully merged with funds managed by Ares Management Corporation, enhancing its capabilities in the packaging industry. CEO Mike Apperson highlighted the merger as a pivotal moment for growth, supported by Ares' resources and expertise. Resource Label operates nineteen manufacturing sites across North America and recently completed its 19th acquisition. Ares expresses confidence in Resource Label's growth potential due to its strong management team and diversified offerings. Financial details of the merger were not disclosed.

Ares Management Corporation is set to report its second quarter earnings for the period ending June 30, 2021, on July 29, 2021, before the NYSE opens. A conference call to discuss these results will take place on the same day at 12:00 p.m. ET. Ares, a leading global alternative investment manager, has approximately $239 billion in assets under management as of March 31, 2021, bolstered by recent acquisitions of Landmark Partners and Black Creek Group. Interested parties can access the call and a replay via their website.

Ares Management Corporation (NYSE: ARES) has successfully completed the acquisition of Black Creek Group’s U.S. real estate investment advisory and distribution business. Black Creek, managing approximately $11.6 billion in assets, enhances Ares’ total assets under management to about $239 billion. The integration aims to leverage Black Creek's strengths in the industrial sector and retail distribution, enhancing Ares' capabilities and market presence. Key Black Creek leaders will remain to ensure a smooth transition and continuity of operations.

Ares Management Corporation (NYSE: ARES) has committed over $1 billion in investments within the sports, media, and entertainment sectors in the last six months. This strategy focuses on flexible capital solutions, utilizing debt and equity investments. Key transactions include minority stakes in Atlético de Madrid and Meadowlark Media, along with senior secured credit facilities for the San Diego Padres and Ottawa Senators. The firm anticipates continued demand for innovative capital solutions due to rising content needs in these sectors, partly accelerated by the COVID-19 pandemic.

Ares Management Corporation (NYSE: ARES) has priced an offering of $450 million in 4.125% Fixed-Rate Resettable Subordinated Notes due 2051. The notes, issued by Ares Finance Co. III LLC and guaranteed by multiple Ares entities, are intended to support general corporate purposes, including debt repayment and growth initiatives. Offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, these notes are not registered under the Securities Act and cannot be sold in the U.S. without registration or exemption.

Ares Management Corporation (NYSE: ARES) announced its subsidiary, Ares Finance Co. III LLC, plans to offer fixed-rate resettable subordinated notes. These notes will be guaranteed by Ares Holdings L.P. and other subsidiaries. Proceeds from the offering will be utilized for general corporate purposes, including debt repayment and growth initiatives. The notes will be offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The announcement includes forward-looking statements that are subject to various risks and uncertainties.

Apollo, Ares, and Oaktree have launched a $90 million initiative, AltFinance: Investing in Black Futures™, aimed at diversifying the alternative investment sector. This 10-year program targets students from Clark Atlanta University, Morehouse College, and Spelman College, providing mentorship, scholarships, and career pathways. The initiative includes a fellowship program, a virtual institute created in partnership with Wharton, and aims to remove financial barriers for students. Each firm will contribute $3 million annually to support this transformative effort.

Ares Management Corporation (NYSE: ARES) will have its CEO, Michael Arougheti, and CFO, Michael McFerran, present at the Morgan Stanley Virtual U.S. Financials, Payments & CRE Conference on June 15 at 2:45 PM EDT. A live audio webcast will be accessible on the company’s website, with a replay available afterward. Ares Management is a global alternative investment manager, with approximately $227 billion in assets under management as of March 31, 2021. The firm operates across various sectors, aiming to deliver attractive returns.