Ares Management to Acquire SSG Capital Holdings

January 30, 2020

On January 21, 2020, Ares Management Corporation announced that it has entered into an agreement to acquire SSG Capital Holdings Limited.

Pursuant to the agreement, Ares Management Corporation (“Ares”), through its subsidiary Ares Holdings L.P., will acquire a majority stake in SSG Capital Holdings Limited (“SSG”) and its operating subsidiary. Transaction consideration will consist primarily of Ares Class A common shares, which will be subject to a multi-year lock-up period, along with cash. The acquisition is expected to close in the second or third quarter of this year and is subject to regulatory approval and customary closing conditions. Further terms of the deal were not disclosed.

Ares (NYSE: ARES) is an alternative investment manager with offices in more than 10 countries. It operates three businesses across the real estate, private equity and credit spaces. It has approximately $144 billion in assets under management as of September 30, 2019.

SSG is a Hong Kong based alternative money manager that manages private credit and special situations funds. It has $6.2 billion in assets as of September 30, 2019.

To read the press release: please click here.


Categories

Hedge Fund M&A, Investment Manager M&A, Transactions