Business
US investor Ares bids for AMP – The Australian Financial Review
The California-based private equity and credit investment giant is in talks to buy the Australian wealth manager.
It would be a huge and contrarian move by Ares, which has $US179 billion ($252 billion) in assets globally across its private equity, credit, real estate and special situations investments divisions.
Ares is a big name in global capital markets but is little known in Australia. The group was founded in 1997 by dealmakers who previously worked for Apollo Global Management.
Ares has several Australian investors, including the Future Fund, which uses Ares to make high-yield debt investments on its…
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