Brief: Ares Management Corporation And Vinci Partners Announce Strategic Partnership And Investment

Vinci Compass Investments

10/10/2023 22:27

Oct 10 (Reuters) - Ares Management Corp  ARES.N :
    * ARES MANAGEMENT CORPORATION AND VINCI PARTNERS ANNOUNCE
STRATEGIC PARTNERSHIP AND INVESTMENT
    * ARES MANAGEMENT CORP - ARES TO INVEST US$100 MILLION IN
NEW
CONVERTIBLE PREFERRED SHARES TO BE ISSUED BY VINCI PARTNERS
    * ARES MANAGEMENT CORP- ARES AND VINCI PARTNERS TO
COLLABORATE ON
STRATEGY TO ACCELERATE GROWTH OF PRIVATE MARKETS OFFERINGS IN
LATIN AMERICA
    * ARES MANAGEMENT CORP- A REPRESENTATIVE FROM ARES WILL BE
APPOINTED TO VINCI BOARD OF DIRECTORS
    * ARES MANAGEMENT CORP - VINCI EXPECTS TO OPEN NEW GROWTH
AVENUES
IN BRAZIL AND LATIN AMERICA
    * ARES MANAGEMENT CORP- VINCI EXPECTS FORMATION OF STRATEGIC
PARTNERSHIP AND ISSUANCE OF CONVERTIBLE PREFERRED SHARES TO
OCCUR IN LATE OCTOBER 2023
    * ARES MANAGEMENT CORP - VINCI INTENDS TO USE PROCEEDS FROM
INVESTMENT FOR STRATEGIC INITIATIVES

Source text for Eikon:  ID:nBw17z2MPa 
Further company coverage:  ARES.N 

 ((Reuters.Briefs@thomsonreuters.com;))