Ares Management completed the acquisition of a minority stake in SailGP.

Ares Management, an alternative investment manager, completed the acquisition of a minority stake in SailGP, an international sailing competition. Financial terms were not disclosed. “SailGP has achieved impressive growth across its teams, viewership and engagement, and we are thrilled to enter the league and join the France SailGP Team’s existing owners group at this inflection point. With the team’s expanding ecosystem of dedicated athletes, sponsors and fans, alongside Ares’ experience investing in premier global sports teams, we are eager to lend our capabilities as the team continues to build on its momentum,” Jim Miller, Co-Lead of Ares’ Sports, Media and Entertainment strategy.