Ares Management Corporation Announces Agreement to Acquire Majority Interest in SSG Capital Holdings Limited
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星期二, 一月 21, 2020
Ares Management Corporation (NYSE: ARES) (Ares) announced today that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings Limited and its operating subsidiaries (collectively, SSG), a leading Asian alternative asset management firm.
Key Points:
- Ares Management Corporation (NYSE: ARES) (Ares) announced today that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings Limited and its operating subsidiaries (collectively, SSG), a leading Asian alternative asset management firm.
- We believe SSG is the ideal partner for Ares to further expand into the strategically important Asian region, said Michael Arougheti, Chief Executive Officer and President of Ares.
- In certain circumstances, Ares may acquire full ownership of SSG pursuant to a contractual arrangement that may be initiated by Ares or the equity holders of SSG.
- Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate.