Ares Management has made a declaration that one of its subsidiaries has closed a deal to buy Energy Investors Funds but it didn’t disclose the amount of its newest acquisition.
The leading global alternative asset manager may have become quiet about the financial aspects of the acquirement but there’s just one thing that is very vital–that energy will stay important for the public. Also, Ares Management recognizes that businesses will fall off if there isn’t sufficient supply of energy.
Also, while the company doesn’t talk that much about the amount involved in its acquisition of Energy Investors Funds, Ares Management was able to make the people involved known to the public like Latham & Watkins LLP that took care of the technicalities of the deal and Proskauer Rose LPP that led the legal matters.
Taking over a different company is not a first for Ares Management as it has already added a number of famed names under its bucket since it went public a few months ago. Most of the names added under Ares Management are by the way real estate and financial services companies.
Ares Management believes that the deal that it just finalized with Energy Investors Funds would be the key to its growth. As long as the company makes the right decisions moving forward, there would be more to its $4 billion assets.
This acquisition, just like the past mergers and other investments that the company has made are proofs that marketing decisions are all the time liquid. There isn’t any other sure way of getting a business going but to make developments on it.
Melissa Gansler
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