Aidy Bryant, Kristen Stewart and Beck Bennett in the Saturday Night Live sketch referencing Farrow & Ball The plug was not a case of paid-for product placement, but it led to a big spike in interest. But despite the growth in sales, FB Ammonite still posted a pre-tax loss of £26.9m – which it said reflects how the business is structured and financed rather than being illustrative of performance . The company has been owned since 2014 by a Los Angeles-based private equity fund. The Private Equity Group of Ares Management bought it from another investment fund, European Capital Limited. Now Ares Management is in turn selling it to a buyer who is confident in the Dorset company’s potential for growth.
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NEW YORK, May 13, 2021 /PRNewswire/ AEA Investors ( AEA or the Firm ), a leading global private investment firm with over $15 billion assets under management, today announced that Bobby Bassman and Ravi Sarin, industry veterans with a 15-year professional relationship, have joined the firm to focus on growth investments in tech-enabled, software and healthcare services companies.
Bobby joins AEA with 17 years of financial industry experience at Morgan Stanley, including over 15 years of growth and private equity experience. Prior to AEA, Bobby was a Managing Director of Morgan Stanley and Founding Member and Investment Committee Member of Morgan Stanley Expansion Capital, the firm s $1 billion Growth Equity and Growth Credit investment fund business.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Ares Management Announces Sale of Farrow & Ball to Hempel Group
May 11, 2021 GMT
LOS ANGELES (BUSINESS WIRE) May 11, 2021
Ares Management Corporation (NYSE:ARES) today announced that a fund managed by its Private Equity Group has signed a purchase agreement to sell Farrow & Ball, a UK based manufacturer and retailer of premium paint and wallpaper, to Hempel Group. Terms of the transaction were not disclosed.
Farrow & Ball is an iconic paint and wallpaper brand with a 75-year British heritage. Recognized as the authority on colour and interior design inspiration, Farrow & Ball has become the premium brand of choice for consumers, designers and cultural institutions around the world. Its paints are crafted with rich pigments and precise techniques to deliver unmatched depth and consistency of colour. All Farrow & Ball paints have an eco-friendly water base, are categorized as low or mini
Ares Management Corporation: Ares Management Announces Sale of Farrow & Ball to Hempel Group
Ares Management Corporation (NYSE:ARES) today announced that a fund managed by its Private Equity Group has signed a purchase agreement to sell Farrow Ball, a UK based manufacturer and retailer of premium paint and wallpaper, to Hempel Group. Terms of the transaction were not disclosed.
Farrow Ball is an iconic paint and wallpaper brand with a 75-year British heritage. Recognized as the authority on colour and interior design inspiration, Farrow Ball has become the premium brand of choice for consumers, designers and cultural institutions around the world. Its paints are crafted with rich pigments and precise techniques to deliver unmatched depth and consistency of colour. All Farrow Ball paints have an eco-friendly water base, are categorized as low or minimal VOC and score an A+ Indoor Air Quality rating. The brand has a highly engaged consumer base, which now includes an industry leadin
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