Ares Management’s $217 Million Investment in Peach Property Group


Kirkland & Ellis advised Ares Management on the deal.

Ares Management completed its investment of CHF 200 million (€186 million/$217 million) into Peach Property Group AG, a property investor and developer focused on investments in Germany and publicly listed in Switzerland.

The investment, which was undertaken via a subordinated mandatory convertible bond, will result in Ares becoming the largest single shareholder of Peach Property Group AG with an interest of approximately 30 percent. This investment provided by Ares will finance the acquisition by Peach of two recently announced portfolios in Germany.

Ares Management Corporation is a publicly traded, leading global alternative asset manager with approximately $165 billion of assets under management,?¹? and over 25 offices in the United States, Europe, Asia and Australia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles.

The Kirkland team advising Ares Management was led by transactional partners Mark Thompson (Picture) and Matthew Elliott and associate Jamie Gordon and antitrust partner Paula Riedel and associate Krista Koskivirta.

Involved fees earner: Matthew Elliott – Kirkland & Ellis; Jamie Gordon – Kirkland & Ellis; Krista Koskivirta – Kirkland & Ellis; Paula Riedel – Kirkland & Ellis; Mark Thompson – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Ares Management Corporation;