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Laxman Pai, Opalesque Asia: The global alternative investment manager Ares Management Corporation said that its subsidiary, Ares Holdings, has entered into a definitive agreement to acquire AMP's PrivateMarketsCo Infrastructure Debt platform, one of the largest infrastructure debt investment platforms globally with approximately US$8 billion in assets under management.
The transaction consideration is US$308 million and will be funded using cash on hand and Ares' US$1.1 billion revolving credit facility.
AMP said it planned to use the cash to strengthen its balance sheet while it completes the demerger. Ares said the purchase would help accelerate its expertise in infrastructure, which is currently focused on infrastructure equity and flexible capital.
The Infrastructure Debt team is led by its Global Head, Patrick Trears, and has 17 dedicated investment professionals located across London, Sydney, Singapore, and New York.
According to a press release, the team has established a strong risk-adjusted, long-term track record investing approximately US$9 billion of capital across nearly 60 transactions globally with a focus on the digital, utilities, transportation, and renewable energy sectors.
With a leading reputation among sponsors and developers, the team brings robust direct investment origination and high-quality deal flow capabilities, it said.
"Given its strong positioning and the compelling market dynamics, the Infrastructure Debt platform has bee...................... To view our full article Click here
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