- Ares Management (NYSE:ARES) puts its IPO money to work, buying Keltic Financial Services, a commercial finance company providing asset-based loans to small and middle-market companies.
- As part of the deal, Ares gets Keltic's existing loan portfolio, including $155M of commitments, and forms Ares Commercial Finance to be housed within Ares Direct Lending Group.
- Source: Press Release
Ares Management expands into commercial finance
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Symbol | Last Price | % Chg |
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