Ares Management, a publicly traded, global alternative asset manager, agreed to invest in Ryan, a global tax services and software provider, at $2.5bn valuation. Onex will retain a significant minority equity interest in Ryan. “Ares is an excellent partner for our firm due to their experience helping great companies drive technology transformations and long-term growth. We have been on a growth trajectory with recent strategic acquisitions, expansions of several key practice areas, and the addition of some of the world’s most respected companies to our already impressive client roster. With the backing of Ares and Onex, we’ll continue this momentum and increase value to our clients and team members around the world as we build the global brand in tax," G. Brint Ryan, Ryan Chairman and CEO.