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Stock impact report

Deals Heat Up for Alternative Asset Managers Hunting Billions [BNN Bloomberg (Canada)]

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: BNN Bloomberg
In what could be one of the biggest combinations in recent years, Ares Management Corp. is exploring a potential deal for about $66 billion of GLP Capital Partners Ltd.'s assets to gain a significant presence in infrastructure and logistics-related property, Bloomberg News reported this week. That follows, among others, BlackRock Inc. acquiring Global Infrastructure Partners for some $12.5 billion in January, adding more than $100 billion in assets. These firms are seizing the opportunity to expand, because scale matters when it comes to raising new funds. Mergers and acquisitions also offer a route into other business areas, from private equity and credit to infrastructure and ESG. “Consolidation is primarily driven by investors' demands for diversified and comprehensive investment solutions,” said Betty Yap, a Hong Kong-based partner at Linklaters LLP. “This is also a quick way to build scale, coverage and capability, increasing their appeal to a varied investor base.” More D Show less Read more
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