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News Breaks
June 17, 2014
11:33 EDTARESAres Management to acquire BlackBush Oil
Ares Management announced that its Private Equity Group has signed definitive agreements to acquire BlackBrush Oil from EIG Management and Tailwater Capital on behalf of their respective managed funds. With new capital provided in conjunction with the transaction, BlackBrush plans to further develop its more than 160K net acre position. The transaction is expected to close in 3Q14 and is subject to customary closing conditions. BlackBrush will continue to be led by its co-founder and CEO, Scott Martin. Co-founder Phil Mezey will also remain involved as an advisor to BlackBrush.
News For ARES From The Last 14 Days
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February 3, 2016
06:02 EDTARESAres Management and McArthurGlen acquire two outlet centers in France
Ares Management has acquired two designer outlet centers located in the French regional cities of Troyes and Roubaix from Resolution Property for approximately EUR$200M. The centers will continue to be managed by McArthurGlen, which has made a minority investment in the centers as part of this transaction. The outlet centers together comprise a total of approximately 47,000 square meters.
January 27, 2016
08:04 EDTARESAres Management signs strategic investment partnership with Montage Hotels
Ares Management and luxury hospitality management company Montage Hotels & Resorts announced that a real estate fund managed by Ares has made a strategic investment in Montage. As part of the transaction, Ares will purchase a minority stake of up to 20% in Montage Hotels & Resorts. Ares also will provide up to $200M in future growth capital to Montage Hotels & Resorts, with a strategic focus on the continued expansion of its portfolio of Montage- and Pendry-branded hotels and resorts. Jay Glaubach, a Managing Director at Ares Management and Co-Portfolio Manager of Ares' opportunistic real estate funds, now joins the Montage Hotels & Resorts Board of Directors. This transaction marks the second Ares investment with Montage Hotels & Resorts.

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