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Ares Management Corporation (ARES) Q1 2021 Earnings Call Transcript


Operator
Welcome to Ares Management Corporation s First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder this conference call is being recorded on Thursday, April 29th, 2021.
I will now turn the call over to Carl Drake, Head of Public Company Investor Relations for Ares Management.
Carl Drake
Investor Relations
Good afternoon and thank you for joining us today for our first quarter 2021 conference call. We hope everyone is safe and healthy. I m joined today by Michael Arougheti our Chief Executive Officer; and Michael McFerran, our Chief Operating Officer and Chief Financial Officer. In addition Bennett Rosenthal, Co-Chairman of our Private Equity Group; Kipp DeVeer, Head of our Credit Group; and Matt Cwiertnia, Co-Head of our Private Equity Group will be available for the question-and-answer session. ....

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Ares Management to Acquire Landmark Partners for $1.08B - News


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Ares Management to Acquire Landmark Partners for $1.08B
April 01, 2021, 08:05 AM
Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC, one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry. The transaction is valued at $1.08 billion, including approximately $787 million in cash and approximately $293 million in Ares Operating Group Units, in each case subject to certain adjustments. ....

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