Ares Management related stories
All articles and analysis
Wetherly first placement firm to settle with CuomoThe Los Angeles-based firm will pay $1m to the New York Common pension and has agreed to exit the placement business.
- Lone Star, KKR square off in grocery bankruptcy
Lone Star has a plan to keep total control of bankrupt US grocer Bi-Lo outside of bankruptcy, while a lending group that includes KKR wants to split control of the company. Bi-Lo operates 215 stores in the southeastern US.
- Private equity giants square off in Bi-Lo bankruptcy
Lone Star has a plan to keep total control of bankrupt grocer Bi-Lo outside of bankruptcy, while a lending group that includes KKR wants to split control of the company.
- AIG to sell $600m in LP commitments
The troubled financial institution is shopping two partially drawn bundles of commitments made in conjunction with a fund of funds that is part of AIG Investments, now spinning out.
- Ares to buy Allied Capital for $648m
Publicly traded ‘business development company’ Allied will be merged with rival Ares. Allied recently reached a restructuring agreement with lenders.
- THL-backed Nortek files prepackaged bankruptcy
The maker of residential and commercial building products will reduce its debt load by $1.3bn.
- Apollo, Ares vehicles seek $260m via share offerings
The listed business development companies of two major private equity firms plan to use the proceeds for investments and debt repayments.
- Ripplewood may lose Reader’s Digest to lenders
The publishing group Ripplewood acquired for $2.4bn in 2007 has reached a preliminary agreement for its senior lenders to take over in a prepackaged bankruptcy.
- CVC injects $175m to keep control of Samsonite
The European buyout house is the latest financial sponsor to enter negotiations with lenders. Elsewhere, lenders to roofing company Monier are trying to seize control of the business from private equity firm PAI.
- Landmark: Denominator effect may be exaggerated
Net asset values will decline more over the next few quarters, brining allocations back into balance, according to a white paper published by the secondaries specialist.