Ares Management Acquires Asia-Focused Private Equity Crescent Point Capital
Portfolio Pulse from Benzinga Newsdesk
Ares Management is set to acquire Crescent Point Capital, an Asia-focused private equity firm with approximately $3.8 billion of assets under management. The transaction is expected to be immediately accretive to Ares' after-tax realized income per share of Class A and non-voting common stock.
July 18, 2023 | 4:24 am
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Ares Management's acquisition of Crescent Point Capital is expected to be immediately accretive to its after-tax realized income per share. This could potentially boost the company's stock price in the short term.
The acquisition of Crescent Point Capital, a firm with $3.8 billion in assets, is expected to be immediately accretive to Ares' after-tax realized income per share. This means that the acquisition could potentially increase the earnings per share of Ares, which is a positive signal to investors and could drive up the stock price in the short term.
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