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Ares Purchases Black Creek Group Ares Management Corp. has, through a subsidiary, entered into a definitive agreement to acquire 100 percent of Black Creek Group’s U.S. real estate investment advisory and distribution business, a real estate investment management firm. “We are very pleased to enter into this strategic transaction with Black Creek, which further scales our real estate business, expands us into core / core-plus strategies and provides us with a leading non-traded REIT retail distribution platform,” said Michael Arougheti, chief executive officer and president of Ares. “We believe that this highly complementary combination will add meaningful revenue synergies for our real estate business as we offer new products to our existing investor base.”

Michael aroughetiRaj dhandaSimpson thacher bartlettEastdil securedCreek groupAres real estate groupLatham watkinsHodes weill associatesAres management corpAres managementBlack creek groupBlack creekBill benjaminAres real estateSimpson thacherராஜ் தண்டா