Ares to buy Asia's Crescent Point
Crescent Point Capital, a China and Southeast Asia-focused private equity firm with around USD 3.8bn in assets under management (AUM), has agreed to a 100% acquisition by Ares Management.
Terms of the transaction were not disclosed. The owners of Crescent Point will primarily receive shares in Ares subject to a multi-year lock-up. Ares described it as an opportunity to capitalise on the...
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