Date | Price Target | Rating | Analyst |
---|---|---|---|
9/12/2024 | $156.00 | Equal Weight | Wells Fargo |
8/27/2024 | $140.00 | Neutral | Redburn Atlantic |
6/13/2024 | $176.00 → $132.00 | Buy → Hold | Deutsche Bank |
5/28/2024 | $176.00 | Buy | Deutsche Bank |
5/7/2024 | $154.00 | Buy | TD Cowen |
1/9/2024 | $122.00 | Buy → Hold | Jefferies |
10/5/2023 | $133.00 | Outperform | Wolfe Research |
7/10/2023 | $99.00 → $98.00 | Outperform → Mkt Perform | Keefe Bruyette |
Ares Management Corp. (NYSE:ARES) and HPS Investment Partners are spearheading a $3 billion credit facility to finance Carlyle Group Inc.’s (NASDAQ:CG) potential acquisition of Baxter International Inc.’s (NYSE:BAX) kidney-care division. This debt package includes a $2.5 billion unitranche loan and a $450 million revolver. Oaktree Capital Management is also involved in the financing, and smaller lenders may participate after signing. Also Read: Medical Devices Giant Baxter Secures FDA Approval For New Infusion Pump System. The financing terms suggest an interest rate five percentage points above the Secured Overnight Financing Rate, placing the division Vantive’s leverage at 4.2
https://www.bloomberg.com/news/articles/2024-07-23/ares-hps-line-up-3-billion-debt-for-carlyle-s-baxter-unit-bid?sref=y3YMCJ4e
Barclays analyst Benjamin Budish maintains Ares Management (NYSE:ARES) with a Overweight and raises the price target from $150 to $151.
Move Expected to Enhance Collaboration Across Ares' Leading Credit Platform Aaron Rosen and Craig Snyder Named Co-Heads of Opportunistic Credit Ares Management Corporation (NYSE:ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm's Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares' limited partners, sponsor partners and portfolio companies. The Opportunistic Credit team will build on the accomplishments of the Special Opportunities strategy and leverage the e
Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Ms. Solomon and Mr. Benjamin together will co-lead the Ares Real Estate business globally. Ms. Solomon joined Ares in 2013 and has been an invaluable leader on the Real Estate team throughout this time as a key contributor to the team's significant organic and inorganic growth. As Global Chief Operating Officer of Ares Real Estate, she has been instrumental in driving the growth and integration of the team's portfolio management functi
Ares Private Equity Fund Invests Substantial Equity Capital to Support AIR's Growth Strategy AIR Acquires TA Systems and Modular Automation Ares Management Corporation (NYSE:ARES) announced today the launch of Automated Industrial Robotics Inc. ("AIR" or the "Company"), a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. An Ares Private Equity fund ("Ares") has invested substantial equity capital to support AIR's acquisition and organic growth strategy. AIR is focused on acquiring and facilitating the growth of differentiated industrial automation companies serving diverse end markets with strong opera
Wells Fargo initiated coverage of Ares Management with a rating of Equal Weight and set a new price target of $156.00
Redburn Atlantic initiated coverage of Ares Management with a rating of Neutral and set a new price target of $140.00
Deutsche Bank downgraded Ares Management from Buy to Hold and set a new price target of $132.00 from $176.00 previously
144 - Ares Management Corp (0001176948) (Subject)
144 - Ares Management Corp (0001176948) (Subject)
10-Q - Ares Management Corp (0001176948) (Filer)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
SC 13G/A - Ares Management Corp (0001176948) (Subject)
BOSTON, Sept. 18, 2024 /PRNewswire/ -- Schottenstein affiliates Second Avenue Capital Partners (SACP) and SB360 Capital Partners (SB360), providers of customized solutions for the retail and consumer product sectors, along with Ares Commercial Finance (Ares), are pleased to announce the closing of a $112,000,000 Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading, premium specialty retailer of outdoor gear and apparel. The new financing package refinanced a previous facility and supported the company's acquisition by venture-backed firm CSC Generation Enterprise (CSC). Backcountry was founded in 1996 by Jim Holland and John Bresee in Park City, Utah. Holland
Transaction Advances AIR's Growth Strategy With New Capabilities Across Expanded Footprint and Diversified Customer Base Automated Industrial Robotics Inc. ("AIR" or the "Company") today announced the acquisition of Sewtec Automation ("Sewtec"), a leading industrial automation company based in the United Kingdom. The transaction expands AIR's geographic footprint, strengthens its engineering capabilities and further positions the Company to capitalize on the increasing global demand for manufacturing automation solutions across a diversified customer base. The transaction was funded primarily by an additional investment from an Ares Management Private Equity fund ("Ares"). Founded in 19
Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2024. GAAP net income attributable to Ares Management Corporation was $94.9 million for the quarter ended June 30, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43 for the quarter ended June 30, 2024. After-tax realized income was $332.0 million for the quarter ended June 30, 2024. After-tax realized income per share of Class A common stock was $0.99 for the quarter ended June 30, 2024. Fee related earnings were $324.5 million for the quarter ended June 30, 2024. "We gener
4 - Ares Management Corp (0001176948) (Issuer)
4 - Ares Management Corp (0001176948) (Issuer)
4 - Ares Management Corp (0001176948) (Issuer)
BOSTON, Sept. 18, 2024 /PRNewswire/ -- Schottenstein affiliates Second Avenue Capital Partners (SACP) and SB360 Capital Partners (SB360), providers of customized solutions for the retail and consumer product sectors, along with Ares Commercial Finance (Ares), are pleased to announce the closing of a $112,000,000 Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading, premium specialty retailer of outdoor gear and apparel. The new financing package refinanced a previous facility and supported the company's acquisition by venture-backed firm CSC Generation Enterprise (CSC). Backcountry was founded in 1996 by Jim Holland and John Bresee in Park City, Utah. Holland
AREOF IV Marks Largest Ares Real Estate Closed-End Fundraise in Firm's History to Capitalize on Significant Investment Opportunities in Dislocated Market Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today the final closing of Ares U.S. Real Estate Opportunity Fund IV, L.P. ("AREOF IV" or the "Fund"). Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. through equity commitments to the Fund and related transaction vehicles. This marks the largest Ares Real Estate closed-end fundraise to date and is a significant increase from the $2.2 billion of commitments raised for the predecessor fund and relate
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently closed a partnership with Ares Management Infrastructure Opportunities funds (Ares). This transaction represents the largest operating portfolio sell down for ENGIE in the U.S. and is one of the largest sales completed in the renewables sector based on total capacity. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets. The overall 2.7 GW portfolio consists of 15 projects in operation across ERCOT, MISO, PJM and SPP, of which 53% is solar, 25% wind and 22% co-located battery storage capacity. "We are delighted that ENGIE and Ares will
4 - Ares Management Corp (0001176948) (Reporting)
4 - Ares Management Corp (0001176948) (Reporting)
4 - Ares Management Corp (0001176948) (Reporting)