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Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager with a diversified platform that provides clients with complementary primary and secondary investment solutions across credit, private equity, real estate, and infrastructure asset classes. Founded in 1997, Ares adheres to a disciplined investment philosophy designed to deliver strong risk-adjusted returns throughout various market cycles.
As of December 31, 2023, Ares manages approximately $428 billion in assets and operates from over 15 offices across North America, Europe, Asia, and Australia. The company is organized into four key business segments: the Credit Group, the Private Equity Group, the Real Assets Group, and the Secondaries Group.
The Credit Group is Ares' largest segment by revenue, focusing on managing credit strategies across both liquid and illiquid markets. This includes investing in leveraged loans, high-yield bonds, and private credit opportunities. Highlighting its recent achievements, Ares closed approximately $9.3 billion in U.S. direct lending commitments in Q1 2024 alone.
The Private Equity Group handles investments in corporate private equity, infrastructure and power, and special opportunities. Notable investments include support for the growth plans of companies like Aptean and Artivion.
The Real Assets Group manages comprehensive equity and debt strategies across real estate and infrastructure investments. Recent projects include significant contributions to Vantage Data Centers' expansion in the EMEA region.
The Secondaries Group invests in secondary markets across a range of alternative asset strategies, including private equity, real estate, infrastructure, and credit.
Ares places a strong emphasis on collaboration across its investment groups to generate consistent and attractive returns. The firm is committed to flexible capital deployment to support businesses and create value for stakeholders. For more information, visit www.aresmgmt.com.
Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti and COO/CFO Michael McFerran will present at the Wells Fargo Virtual Financial Services Investor Conference on May 19, 2021, at 11:20 am EDT. The presentation will be accessible via a live audio webcast on the company’s website. Ares Management is a global alternative investment manager with approximately $207 billion in assets under management as of March 31, 2021, operating across various sectors including Credit and Private Equity.
Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti and COO/CFO Michael McFerran will present at the Barclays Americas Select Franchise Conference on May 18, 2021, at 11:00 am EDT. The presentation will be accessible via a live audio webcast on the company's website, with a replay available shortly after. Ares Management operates as a global alternative investment manager, with approximately $207 billion in assets under management as of March 31, 2021. The firm focuses on Credit, Private Equity, Real Estate, and Strategic Initiatives.
Ares Management Corporation (NYSE: ARES) has announced the sale of Farrow & Ball, a UK-based premium paint and wallpaper manufacturer, to Hempel Group. The terms of the transaction remain undisclosed. Farrow & Ball, known for its eco-friendly products and 75-year heritage, has experienced significant growth since Ares acquired it in 2014. The sale is expected to close in the second half of 2021, pending customary conditions. Financial advisement was provided by Moelis & Company LLC and Rothschild & Co. for Farrow & Ball, with legal assistance from Latham & Watkins (London) LLP.
CS Energy has been acquired by American Securities, a prominent private equity firm, from Ares Management and The Conti Group. The acquisition aligns with American Securities' strategy to invest in leading companies within the renewable energy sector. CS Energy, recognized for its extensive work in solar and energy storage, has implemented over 1 GW of solar and 300 MWh of storage projects globally. The management team will continue its existing strategy to fuel growth and execute projects effectively. The acquisition aims to enhance CS Energy's capabilities amidst the accelerating U.S. energy transition.
Ares Management Corporation (NYSE: ARES) announced around $3.6 billion in new financing commitments across 45 transactions in Q1 2021. Key deals included:
- AI Fire: Secured credit facility for Snow Phipps acquisition.
- Commercial Trailer Leasing: Financing for strategic plans.
- Continental Batteries: Credit support for H.I.G. Capital's acquisition.
- ProfitSolv: Financing for integrated solutions provider.
- Stealth Monitoring: Support for merger and remote monitoring solutions.
- Veterinary Practice Partners: Funded growth plans.
- WellSky: Credit facility for health tech expansion.
- Wilshire Associates: Financing for investment technology acquisition.
Ares Management Corporation (NYSE:ARES) reported a GAAP net income of $58.4 million for Q1 2021, equating to $0.33 per share. The company's after-tax realized income was $127.6 million, or $0.46 per share, with fee related earnings at $128.5 million. Ares surpassed $200 billion in assets under management, marking a 39% growth from four years ago. New capital raised totaled $10 billion, with a quarterly dividend of $0.47 per Class A common share declared. The company anticipates continued growth supported by favorable market conditions.
Ares Management Corporation (NYSE: ARES) announced the final closing of its fifth European direct lending fund, Ares Capital Europe V (ACE V), at €11.0 billion. This amount surpasses its €9.0 billion target and marks the largest European direct lending fund to date. The Fund's size is approximately 70% larger than its predecessor. With around 180 investors, including 65 new limited partners, ACE V will have about €15.0 billion in total capital available. The Ares European Direct Lending team has already committed €1.7 billion across 11 investments, highlighting robust investment activity.
EPIC Midstream Holdings has appointed George Millas as Chief Commercial Officer starting April 19, 2021. Millas brings extensive experience in commercial operations, having previously served at Energy Transfer and Crestwood Equity Partners. He will report to CEO Brian Freed and is expected to enhance EPIC's customer base while ensuring the efficient transportation of crude oil and natural gas liquids from the Permian Basin. EPIC operates significant midstream infrastructure pipelines across major Texas basins and is affiliated with Ares Management Corporation.
Ares Management Corporation (NYSE: ARES) has priced its public offering of 9.5 million shares of Class A common stock at $54.00 per share, with an option for underwriters to purchase an additional 1.425 million shares. The offering is set to close around April 8, 2021. Concurrently, Ares entered a share purchase agreement with Sumitomo Mitsui Banking Corporation for $250 million of common stock. Proceeds will be used for the acquisition of Landmark Partners LLC and general corporate purposes, including debt repayment and growth initiatives.
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