Ares Management, L.P. (NYSE: ARES) announced today that it will report earnings for the first quarter ended March 31, 2015 on Tuesday, May 12, 2015 prior to the opening of the New York Stock Exchange. Ares Management, L.P. invites all interested persons to attend its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its first quarter 2015 financial results.
London, 5 March 2015: Ares Management (NYSE: ARES) and GE Capital announced today that the European Senior Secured Loan Programme (ESSLP), a €1.75 billion joint venture between affiliates of the two firms, has provided a £75M financing package to fund the acquisition of Wireless Logic, Europe's leading independent machine-to-machine (M2M) managed services provider, by CVC Growth Partners.
Ares Management L.P. (NYSE: ARES) announced today that it has added to its existing residential portfolio in Germany through the acquisition by funds it manages of an additional 303 residential and 28 commercial units, totaling 22,000 square meters of lettable space.
Ares Management, L.P. (NYSE: ARES) announced today that it has appointed Michael R. McFerran as Executive Vice President, Chief Financial Officer and Treasurer, effective March 23, 2015. Mr. McFerran will assume firm-wide CFO and Treasurer responsibilities.
Ares Management, L.P. (NYSE:ARES) announced today that a fund in its Real Estate Group has acquired a 45,000-square-meter office and retail portfolio consisting of eight properties located across five European countries, including the U.K., Germany, Sweden, Poland and the Netherlands, from IVG Institutional Funds.
Ares Management, L.P. (NYSE:ARES) announced today that a fund managed by its Private Equity Group has acquired Farrow & Ball, a global leader in high quality paint and wallpaper, from European Capital Limited, a wholly-owned investment affiliate of American Capital, Ltd (NASDAQ:ACAS).
Ares Management, L.P. today announced the closing of its initial public offering of 11,363,636 common units representing limited partner interests at a public offering price of $19.00 per common unit. Ares’ common units began trading Friday, May 2, 2014 on the New York Stock Exchange under the ticker symbol “ARES”.
On October 25, 2013, Ares Management LLC and Canada Pension Plan Investment Board (CPPIB) announced that their affiliates have completed the acquisition of Neiman Marcus Group LTD Inc. for a purchase price of approximately US$6.0 billion.
On July 1, 2013, Ares Management LLC announced that it has completed its acquisition of AREA Property Partners, L.P., a top-tier real estate management firm investing across North America, Europe and India.