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Stock Market & Financial Investment News

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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July 24, 2015
08:51 EDTARESAres Management to host conference call
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July 23, 2015
18:48 EDTARESKayne Anderson CEO to chair Energy Group of merger with Ares Management
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18:45 EDTARESAres Management and Kayne Anderson to merge into Ares Kayne Management
Ares Management (ARES) and Kayne Anderson (KYN) have entered into a definitive merger agreement to create Ares Kayne Management, L.P., with a combined $113B of AUM as of March 31. Under the terms of the agreement, Ares will provide $2.55B 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. Ares Kayne combines Ares Management, a leading global alternative asset manager with $87B in AUM with Kayne Anderson, an investor with $26B in AUM to form a global asset manager that will invest across five complementary, market leading investment groups: Tradable Credit, Direct Lending, Energy, Private Equity and Real Estate. The combined firm will have approximately 450 investment professionals. Upon closing, the merger is expected to be accretive to Aresí economic net income, distributable earnings and fee-related earnings per unit.
July 17, 2015
16:45 EDTARESAres close to cash-and-stock deal for Kayne Anderson Bloomberg says
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15:43 EDTARESAres close to cash-and-stock deal for Kayne Anderson Bloomberg says
Ares Management (ARES) is close to acquiring Kayne Anderson Capital Advisors, according to Bloomberg, citing two people familiar with the matter.

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