Ares Management and Kayne Anderson To Merge

July 24, 2015

On July 23, 2015, Ares Management L.P. (NYSE:ARES) announced that it had entered into a definitive merger agreement with Kayne Anderson Capital Advisors, L.P. to create Ares Kayne Management, L.P.

Under the terms of the agreement, Ares will provide $2.55 billion in consideration, the majority of which will be in the form of Ares Operating Group Units.  The transaction is expected to close on or around January 1, 2016, subject to customary regulatory approvals, Kayne Anderson investor consents and other closing conditions.

Ares Management is a global alternative asset manager with $87 billion in assets under management. Kayne Anderson has $26 billion in assets under management.  The combined firm will have approximately 460 investment professionals in over 20 global officers serving more than 2,700 direct investors.

To read the news release: please click here.


Investment Manager M&A, Private Equity M&A, Transactions