Announced
Financials
Tags
Acquisition
Pending
Private
Domestic
Majority
Friendly
Single Bidder
commercial properties
real estate management services
Real Estate Holding and Development
United States
Private Equity
Synopsis
Ares Management, a private equity firm, agreed to acquire Black Creek Group, a real estate investment management firm. Financial terms were not disclosed. “We are very pleased to enter into this strategic transaction with Black Creek, which further scales our real estate business, expands us into core / core-plus strategies and provides us with a leading non-traded REIT retail distribution platform. We believe that this highly complementary combination will add meaningful revenue synergies for our real estate business as we offer new products to our existing investor base," Michael Arougheti, Ares President and CEO.
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