Ares Management will purchase European leveraged finance and global structured corporate credit investment manager Indicus Advisors. The financial details of the acquisition have not been disclosed.
The deal will help Ares boost its presence in European corporate credit, where it will manage over $5 billion in long-only, long/short, structured products and private debt investment strategies. Indicus’ 17 professionals will join the Ares Capital Markets Group in London and New York.
Click here for the release from Business Wire.