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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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August 31, 2015
08:04 EDTARESAres EIF Group to acquire Van Hook gathering system from WPX Energy
Ares Management, L.P. (ARES) announced that a fund managed by its Ares EIF Group has entered into a definitive agreement with WPX Energy (WPX) to acquire the Van Hook Gathering System in North Dakota in a transaction valued at $185M. While the transaction is subject to customary conditions, it is expected to close during the fourth quarter. The acquisition consists of pipeline systems that currently gather approximately 11,000 barrels of oil, 6,500 million cubic feet of natural gas, and 5,000 barrels of water per day from WPX Energy's Bakken shale oil assets. WPX Energy will continue to operate the Van Hook Gathering System.
07:31 EDTARESWPX Energy to sell Van Hook gathering system for approx. $185M
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August 19, 2015
09:01 EDTARESAres Management fund buys pan-European office portfolio from IVG Institutional
Ares Management, L.P. announced that a real estate fund it manages has signed a definitive agreement to acquire a 240,000-square-meter office portfolio consisting of 30 properties located across six European countries, including the U.K., France, the Netherlands, Belgium, Finland and Spain, from IVG Institutional Funds. The portfolio was valued at more than EUR400M, and this transaction is the second pan-European portfolio acquired from IVG by Ares this year, following the 45,000-square-meter, eight-property office and retail portfolio it announced in February.

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