ARES News and Press, Ares Management Corporation Class A From 07/18/23

2023-07-18 02:49:04 ET Ares Management ( NYSE: ARES ) has agreed to acquire 100% of Crescent Point Capital, a China and Southeast Asia-focused private equity firm with around $3.8 billion in assets under management, for an undisclosed sum. The transaction consid...

Acquisition of a Leading Asia-Focused Private Equity Platform Brings Complementary Investment Capabilities to Ares Asia Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Ares has entered into a definitive agreement to acquire 100% of Crescent Point Cap...

2023-07-17 11:35:14 ET Summary Brookfield Reinsurance has agreed to pay a high price for AEL. It underscores the value of annuity business for alt managers. BAM will benefit by adding ~$51B of AEL investments to its AUM. However, the immediate effect of this acquisition is rather ...

2023-07-05 09:46:46 ET Summary The tightening of financial conditions has led to a decrease in preferred stock and ETD offering activity, with no new preferred stocks offered in June and only one new ETD. Capital Southwest offered $62.5 million worth of 7.75% senior notes due 2028...

2023-06-29 02:51:51 ET For-profit thrift store operator Savers Value Village ( NYSE: SVV ) upsized its IPO to $401.2M from the earlier $300M filed last week. The firm priced its IPO of ~22.3M shares at $18/share, of which 18.75M shares are being offered by Sa...

Ares Management Corporation announced today that it will report earnings for the second quarter ending June 30, 2023 on Tuesday, August 1, 2023 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eas...

2023-06-28 10:36:37 ET Summary PacWest Bancorp has entered into an agreement to sell a large portion of their Lender Finance portfolio to Ares Management Corporation to boost liquidity and pay down debt, following a significant drop in their share price due to the banking sector's unc...

2023-06-28 08:00:00 ET Summary BDCs can be powerful investments for retirees living off of passive income. ARCC and OCSL are among the best passive income instruments in the market today. We compare them side by side. Investing for passive income from blue chip Busin...

2023-06-26 13:00:46 ET Regional bank stocks rose in Monday midday trading after Federal Reserve data on Friday showed that U.S. bank deposits increased, indicating pressures may be easing on the sector. The SPDR S&P Regional Banking ETF ( KRE ) rose 2.1%, outpacing the SPD...

2023-06-26 07:02:27 ET Ares Management ( NYSE: ARES ) on Monday said that certain funds managed by its Alternative Credit strategy have acquired a $3.5 billion specialty finance loan portfolio from PacWest Bancorp ( NASDAQ: PACW ). Backed by assets across a variety of ...