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Stock Market & Financial Investment News

News Breaks
July 3, 2014
05:14 EDTARESAres Management to acquire Graphite Capital stake in London Square for GBP 110M
London Square announced that private equity and real estate funds managed by Ares Management have entered into definitive agreements to acquire the majority stake in the company from Graphite Capital for an equity value of GBP 110M. Ares Management’s funds, investing alongside management, will also deploy incremental capital to London Square’s development in Greater London, with the target of building 1,000 homes a year. The transaction is expected to close by the end of July.
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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