Ares Management’s Acquisition of Majority Interest in SSG Capital Management

Kirkland & Ellis advised Ares Management Corporation on the deal.

Ares Management Corporation (NYSE: ARES), through its subsidiary Ares Holdings L.P., has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings Limited and its operating subsidiaries (collectively, “SSG”), a leading Asian alternative asset management firm. Financial terms of the transaction were not disclosed.

Headquartered in Hong Kong with offices across Asia, SSG manages private credit and special situations funds totaling approximately $6.2 billion in assets under management, as of September 30, 2019.

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate. Ares Management’s global platform had $144 billion of assets under management as of September 30, 2019.

The Kirkland team was led by transactional partners Jonathan Benloulou (Picture), Chris Wu and Michael Woronoff, and associates Jessica Mani Schreiber, Alex Yebri, Peter Liskanich and Tobias Rushing; investment funds partners Sean Hill, Justin Solomon, Matt Cohen and Faris Elrabie, and associates Radhika Kshatriya and Brook Sutton; tax partner Anne Kim and associate Scott Fryman; and capital markets partner Pippa Bond.

Involved fees earner: Jonathan Benloulou – Kirkland & Ellis; Philippa Bond – Kirkland & Ellis; Matthew Cohen – Kirkland & Ellis; Faris Elrabie – Kirkland & Ellis; Scott Fryman – Kirkland & Ellis; Sean Hill – Kirkland & Ellis; Anne Kim – Kirkland & Ellis; Radhika Kshatriya – Kirkland & Ellis; Peter Liskanich – Kirkland & Ellis; Tobias Rushing – Kirkland & Ellis; Jessica Mani Schreiber – Kirkland & Ellis; Justin Solomon – Kirkland & Ellis; Brook Sutton – Kirkland & Ellis; Michael Woronoff – Kirkland & Ellis; Christopher Wu – Kirkland & Ellis; Alex Yebri – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Ares Management Corporation;

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Author: Ambrogio Visconti