Ares Management prices IPO at $19 per unit


With the private-equity business in high cotton, Ares Management (ARES) hits the public markets with an 11.36M common unit offering, raising about $216M. The firm - whose portfolio includes Ares Capital (ARCC) and Ares Commercial Real Estate (ACRE) - is headed by Tony Ressler, an alumnus of Drexel Burnham and Apollo Global, where he worked alongside brother-in-law Leon Black.

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Comments (2)
  • thais123
    , contributor
    Comments (43) | Send Message
     
    What does high cotton mean?
    5 May 2014, 12:16 AM Reply Like
  • Adam Silber
    , contributor
    Comments (38) | Send Message
     
    ARES owns half of disgraced retailer Neiman Marcus. It may mean their stock offering is overpriced.
    5 May 2014, 03:49 AM Reply Like
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