Wellington-Altus Explores Strategic Minority Share Sale to Drive Shareholder Value [Globe and Mail, The (Toronto, Canada)]
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Globe and Mail, The
company to Canada's top-rated* investment dealer, is launching an exploratory minority secondary share sale process as part of its ongoing strategy to accelerate and enhance shareholder value for the firm and its partners. Wellington -Altus seeks a new private equity partner to acquire approximately 20 to 30 per cent of its existing equity. Wellington -Altus has rapidly emerged as one of Canada's fastest-growing wealth management firms, surpassing $35 billion in assets under administration and employing more than 900 people nationwide. As part of the process announced today, the firm is seeking a new private equity partner to acquire approximately 20 to 30 per cent of its existing equity. Through the share sale process, the company expects to find a new strategic partner who understands and can actively support Wellington -Altus' vision to revolutionize wealth management, continue its exceptional growth trajectory, while simultaneously providing a liquidity opportunity for its e
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