Ares Management (ARES) is exploring a potential buyout of Form Technologies, Reshmi Basu and Carmen Arroyo of Bloomberg report, citing people familiar with the matter. Ares is considering financing the deal through a combination of preferred equity and common shares and is seeking a co-investor to participate in the equity portion, sources told Bloomberg. Jefferies Financial Group (JEF) has also been sounding out investors about a debt package to help fund a buyout of Form, the people added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARES:
- Disney, Airbnb dip despite quarterly beats: Morning Buzz
- Ares JV near $1B deal for Hyatt Regency Orlando, Bloomberg reports
- Hyatt near deal to sell Regency Orlando to Ares JV, Bloomberg says
- Ares Management price target raised to $162 from $158 at TD Cowen
- Ares Management price target raised to $155 from $151 at Barclays