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Transactions - MARCH 31, 2021

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Ares to acquire Landmark Partners in $1.1b deal

by Kali Persall

Ares Management Corp. has inked a deal with BrightSphere Investment Group and Landmark Investment Holdings to buy out Landmark Partners in a $1.08 billion transaction.

The $1.08 billion deal includes $787 million in cash and $293 million in Ares Operating Group Units.

Landmark Partners is one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry. As of Dec. 31, 2020, the firm managed $18.7 billion in assets for private equity, real estate and infrastructure secondaries funds. Landmark is backed by a global, institutional investor base of more than 600 fund investors.

“We believe secondary investments are only increasing in their appeal to a growing group of investors, and we are excited to include these strategies in our comprehensive alternatives offering,” said Michael Arougheti, CEO and president of Ares.

The business combination will expand Ares’ platform t

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