Ares Management Corporation and Vinci Partners Announce Strategic Partnership and Investment
Ares Management Corporation (“Ares”) (
NYSE: ARES) and Vinci Partners Investments Ltd. (“Vinci Partners” or “Vinci”) (
NASDAQ: VINP) announced today that they have reached an agreement to form a strategic partnership to accelerate the growth of Vinci's platform in Latin America and to collaborate on distribution, product development and other business opportunities (the “Strategic Partnership”). In connection with the formation of the Strategic Partnership, an affiliate of Ares will concurrently make a US$100 million investment in new convertible preferred shares to be issued by Vinci (the “Investment”), subject to customary closing conditions.
