Ares Management Acquires $3.5B Lender Finance Portfolio From Pacific Western Bank
Portfolio Pulse from Benzinga Newsdesk
Ares Management has acquired a $3.5 billion lender finance portfolio from Pacific Western Bank, expanding its presence in the lender finance market.
June 26, 2023 | 10:33 am
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NEUTRAL IMPACT
Pacific Western Bank has sold its $3.5 billion lender finance portfolio to Ares Management.
The sale of the $3.5 billion lender finance portfolio to Ares Management may not have a significant short-term impact on Pacific Western Bank's stock price, as the bank may use the proceeds to invest in other areas or improve its balance sheet.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Ares Management acquires a $3.5 billion lender finance portfolio from Pacific Western Bank, expanding its presence in the lender finance market.
The acquisition of the $3.5 billion lender finance portfolio from Pacific Western Bank will expand Ares Management's presence in the lender finance market, potentially leading to increased revenues and growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100