Collapsed Ares deal leaves friends with benefits: Reuters Breaking Views
Two investing friends are parting ways with benefits. Ares Management, the private equity shop run by Drexel Burnham Lambert alum Tony Ressler, on Tuesday called off a $2.6 billion plan to merge with Kayne Anderson. The two couldn’t agree on how to tackle the energy sector, but nevertheless came up with a cozy solution that contrasts starkly with how some crisis-era leveraged buyouts collapsed, Reuters Breaking Views said.
28 October 2015•2 mins read
