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Announced

Completed

Ares completed an $250m investment in Avant.

Financials

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Transaction Value£205m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Completed

Friendly

Private

United States

technology company

it services

Minority

FinTech

Acquisition

Domestic

Private Equity

Synopsis

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Ares, a private equity firm, completed an $250m investment in Avant, a credit-first financial technology company. "Avant has established a track record of success over the course of a decade of delivering on our mission to empower customers to reach their goals with innovative solutions designed to move their financial lives forward. This capital infusion from Ares will further fuel our credit portfolio and next-gen platform, enabling stronger competitive advantage," Matt Bochenek, Avant CEO.

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