Welcome to our dedicated page for Ares Management Corporation news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management Corporation stock.
Ares Management Corporation (NYSE: ARES) regularly features in financial and corporate news as a global alternative investment manager active across credit, real estate, private equity and infrastructure. Its press releases and related announcements highlight fundraising activity, new strategies, portfolio company developments and partnerships that reflect how Ares deploys capital and expands its platform.
Recent news includes the closing of a large capital raise for the Ares Credit Secondaries strategy, which the company describes as focused on constructing diversified portfolios of private credit exposures through secondary transactions. Other items showcase Ares Infrastructure Opportunities funds partnering with ENGIE North America on U.S. solar and wind assets, and Ares Real Assets funds completing data center transactions in Northern Virginia through the Ares Digital Infrastructure business and its Ada Infrastructure platform.
Additional coverage shows Ares-affiliated funds supporting portfolio companies and platforms in sectors such as tax services, industrial automation, veterinary services and equipment finance. Examples include Ares Private Equity Funds participating as long-term partners in Ryan, LLC and Automated Industrial Robotics Inc., and Ares Alternative Credit funds being affiliated with Ansley Park Capital, an equipment finance platform. These stories illustrate how Ares’ investment strategies translate into transactions and corporate milestones across different industries.
This news page aggregates such updates for ARES, including earnings announcements, capital markets activity, fund launches, partnerships and portfolio-level developments mentioned in company communications. Investors and observers can use this feed to follow how Ares Management Corporation describes the evolution of its alternative investment platform and the activities of its related funds and portfolio companies over time.
Ares Management Corporation will report its fourth quarter and fiscal year earnings for 2020 on February 11, 2021, before the NYSE opens. The company will host a conference call at 12:00 p.m. ET the same day to discuss financial results. Ares Management, a leading global alternative investment manager, manages approximately $179 billion in assets as of September 30, 2020. Interested parties can access the call through the provided phone numbers or via a live webcast on their website.
TricorBraun has announced a definitive stock purchase agreement with funds managed by Ares Management and Ontario Teachers' Pension Plan Board to acquire a majority interest in the company. TricorBraun will continue to be led by its existing management team, retaining significant investment in the company. The transaction aims to leverage Ares and Ontario Teachers' resources to accelerate TricorBraun's growth in the packaging industry, which generated $1.5 billion in annual sales in 2020. The deal is expected to close in Q1 2021, pending regulatory approvals.
Ares Management Corporation (NYSE: ARES) and Aspida Holdings Ltd. have successfully completed the acquisition of F&G Reinsurance Ltd. from FGL Holdings. Terms were not disclosed. Aspida Re will maintain operations in Bermuda and focus on reinsurance solutions for insurance firms, aiming to optimize balance sheets for future growth. Ares continues to bolster its insurance capabilities, notably through the appointment of Raj Krishnan as Chief Investment Officer of Ares Insurance Solutions, enhancing support for Aspida Re.
Ares Management Corporation announced that CEO Michael Arougheti will present at the 2020 Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 12:00 p.m. ET. A live audio webcast of the presentation will be accessible on the company's website, with a replay available afterward. As of September 30, 2020, Ares Management manages approximately $179 billion in assets and operates across Credit, Private Equity, Real Estate, and Strategic Initiatives, employing over 1,400 people globally.
GI Partners has acquired Valet Living, the largest full-service amenities provider for the multifamily housing sector, from a fund managed by Ares Management (NYSE:ARES) and Harvest Partners. Valet Living has consistently achieved double-digit growth since its inception, performing over 415 million service events annually across 1.6 million apartment homes. The acquisition aims to enhance Valet Living's innovation and facilitate its nationwide growth, leveraging GI Partners' expertise in accelerating services businesses.
Ares Management Corporation (NYSE: ARES) announced the sale of Valet Living, a leading provider of amenities to the multi-family housing sector, to GI Partners. Valet Living serves over 1.6 million apartment homes across 40 states, offering comprehensive amenities including trash collection and concierge services. Since Ares and Harvest Partners acquired Valet Living in 2015, the company experienced strong double-digit growth and expanded its service offerings. The financial details of the transaction have not been disclosed.
Ares Management Corporation (NYSE: ARES) announced the conversion of a CHF 155 million (€145 million) subordinated mandatory convertible bond in Peach Property Group AG (SIX: PEAN). This conversion makes Ares the largest shareholder in Peach with a 30% stake. The investment is part of a CHF 230 million capital increase aimed at strengthening Peach’s finances for acquiring two significant residential portfolios. Ares has a long-term commitment to the German residential market, leveraging its expertise in public transactions.
EPIC Midstream Holdings has announced a leadership transition, appointing Brian Freed as the new CEO, succeeding Phil Mezey, who will become Non-Executive Chairman. The company aims to shift its focus from project development to improving operational excellence. Freed, previously President since July 2019, is expected to enhance EPIC's position in the midstream sector, particularly in the Permian Basin. This change is viewed positively by investors and stakeholders, as it aims at sustaining the company’s growth trajectory.
Ares Management Corporation announced that CEO Michael Arougheti and CFO Michael McFerran will present at the BofA Securities Future of Financials Conference on November 9, 2020, at 10:30 am ET. A live audio webcast of the presentation will be accessible on the Company’s website, www.aresmgmt.com. Ares Management, listed on NYSE under the symbol ARES, manages approximately $179 billion in assets across Credit, Private Equity, Real Estate, and Strategic Initiatives as of September 30, 2020. The firm operates globally with over 1,400 employees.
Valet Living is providing a year of free amenity services to nominated veterans and military members in San Antonio through its Valet Giving Heroes program. This initiative supports veterans with services like home cleans and pet visits, reflecting Valet Living's commitment to the military community. The program has seen an increase in nominations and aims to alleviate household chore fatigue, which affects many military members. Valet Living, backed by Ares Management, serves over 1.6 million apartment homes nationwide.