The Ares Management has not disclosed the amount of its newest acquisition. It recently closed a deal with Energy Investor Funds and they have been very quiet regarding the financial aspects of the matter.
Even if they are not disclosing any of these to the public, one thing is important for the Ares Management – that energy will remain essential for the public. Also, they recognize that businesses will dwindle if there is not enough energy.
They also know that it is essential because of the nature of the contracts of businesses. They are looking where they can get supply in bulk. This is an aim that the management is trying to hit.
They may not have been very open with the amount involved but Ares Management showed the people involved in the acquisition. Proskauer Rose LLP spearheaded the legal matters of the case. Meanwhile, the technicalities were handled by Latham & Watkins LLP.
This is not the first time that Ares Management decided to take over another company of their liking. They have added several names under their belt since they went public in May 2014. Among these are financial services and real estate companies.
Even long before the talks about Ares acquisition over Energy Investor Funds, the organization is already a good deal on its own. It has assets that could amount to $4 billion. These assets are managed by different teams. They have funds that are co-mingled while some are run by investment personnel with the same background.
This acquisition could be key to the growth of this company. There could be more to its $4 billion assets should Ares Management put on the right decisions.
These mergers and acquisitions are just proofs that marketing decisions are always liquid. There is no sure-fire way on how to get the business going but to involve improvements.