Fri, Apr. 17, 8:14 AM
- A fund managed by Ares Management's (NYSE:ARES) commercial finance platform agrees to buy the asset-based lending portfolio of First Capital Holdings (OTC:FCRGF). The deal is expected to close this quarter.
- With the purchase, the Ares Commercial Finance Platform will have about $700M of loan commitments, and its team will be expanded with the members of the First Capital investment team.
- Source: Press Release
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