Announced
Financials
Tags
Minority
Friendly
Private Equity
Asset Managers and Custodians
financial services
Diversified Financials
hedge fund
asset management
United States
Acquisition
Cross Border
Pending
Single Bidder
Public
Private Equity
Synopsis
Sumitomo Mitsui, one of the largest financial institutions headquartered in Japan, agreed to invest $384m in Ares Management, a global alternative investment manager. "Beyond the growth opportunity that this partnership presents for both of our firms, the strategic investment by SMBC coupled with Ares’ existing strong balance sheet and liquidity position and our proven ability to grow through periods of extreme market dislocation provides an opportunity for our firms to jointly capitalize on compelling risk-adjusted investments in this period of market volatility," Michael McFerran, Ares COO and CFO.
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