Ares Posts Record Q2 with $36B Fundraising, Eyes Leonard Green Acquisition
ARES sits 34% above its 52-week low of $95.8.
Summary
Ares Management delivered a standout Q2: GAAP net income of $150.6M, adjusted EPS of $1.29, and revenue of $1.43B. AUM surged 17% year-over-year to $671.3B, fueled by a record $36B in fundraising. The company also declared a $1.35 quarterly dividend. Separately, Ares is in talks to acquire Leonard Green & Partners, a private equity firm with roughly $85B in AUM—a deal that would significantly scale its PE platform. CEO Michael Arougheti emphasized that any transaction must be culturally aligned and accretive. The quarter also saw Ares lead multiple senior secured financings and scope out an infrastructure partnership with Eni. This follows a strong Q1 and recent $8.5B fundraise, reinforcing Ares's momentum in private credit and alternatives.
At the time of this announcement, ARES was trading at $128.12 on NYSE in the Finance sector, with a market capitalization of approximately $28.4B. The 52-week trading range was $95.80 to $195.26. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.