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Ares Management

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business23 days ago

Ares Management CEO Focuses on Private Equity Expansion

Ares Management is considering acquiring a large private equity firm to expand its leveraged buyout business and compete with industry giants, driven by the growing interest in private assets among US retirement plans. The company aims to manage at least $775 billion in assets within three years and is exploring strategic acquisitions to bolster its private equity segment, which currently represents a small portion of its assets. Despite no imminent deals, Ares is positioning itself for growth through potential acquisitions and strategic investments.

via Financial Times|
#acquisition#ares-management#business
business1 year ago

NBA Legends Carter and McGrady Join Buffalo Bills Ownership

Private equity firms Ares Management and Arctos have made landmark investments in the NFL by acquiring minority stakes in the Miami Dolphins and Buffalo Bills, respectively. These deals, approved by the NFL, mark the first time private equity firms have been allowed to own direct stakes in NFL teams, following recent changes to ownership rules. The move is expected to lead to more similar investments as NFL team valuations continue to rise, with the average team now worth approximately $5.9 billion.

via Financial Times|
#ares-management#business#investments
business1 year ago

Sports Stars and Private Equity Invest in NFL Teams

The Miami Dolphins have announced a strategic investment deal with Ares Management and Brooklyn Nets owners Joe Tsai and Oliver Weisberg, who will acquire minority stakes in the team and related assets like Hard Rock Stadium and the Formula 1 Crypto.com Miami Grand Prix. Ares will hold a 10% stake, while Tsai and Weisberg will share a 3% interest. This investment aims to support continued growth in Stephen Ross' South Florida sports and entertainment portfolio, with the transaction approved by the NFL and expected to close soon.

via MiamiDolphins|
#ares-management#business#miami-dolphins
sports2 years ago

Ares Management Invests $75 Million in Lionel Messi's Inter Miami Amid MLS Success

Ares Management is investing an additional $75 million in Inter Miami CF, the Major League Soccer club, following the arrival of superstar Lionel Messi. The investment will be used to develop the proposed Miami Freedom Park stadium and support other growth initiatives. Despite currently being at the bottom of the MLS Eastern Conference league, Inter Miami has experienced a surge in popularity and ticket sales due to Messi's immediate impact on the team, leading them to three consecutive victories. Ares Management has now invested a total of $225 million in Inter Miami since 2021.

via Fortune|
#ares-management#inter-miami-cf#lionel-messi
finance2 years ago

Ares Management's $3.5 Billion Acquisition Boosts PacWest Stock.

PacWest's stock rose more than 6% after announcing a $3.5 billion sale of loans to Ares Management, the latest move by the regional bank to shrink its balance sheet. PacWest is one of several regional lenders that struggled to keep depositors following the March 10 failure of Silicon Valley Bank. However, since then, regional bank stocks have rallied on optimism that the worst was over for regional banks. PacWest has lost 17% of its deposits in the first quarter and posted a loss of $1.2 billion. Year to date its stock is still down 68.5% as of Friday’s close despite rallying from its lows in the spring.

via Yahoo Finance|
#ares-management#asset-sales#deposits