Ares Raises $13.2bn for European Lending Fund, Assets Soar Past $200bn (Opalesque)
The global alternative investment manager Ares Management Corp. joined the $200 billion club after the strongest fundraising year in its history, led by the largest European direct-lending fund ever raised. The Los Angeles firm closed its latest fund – Ares Capital Europe V (ACE V) – at €11 billion ($13.2 billion), exceeding its target and reaching its hard cap. “Ares Capital Europe V is the largest European direct lending fund raised to date and the biggest institutional fund raised by Ares Management,” said the asset manager operating three integrated businesses across credit, private equity, and real estate.
The Successful 43rd (Hedge Nordic)
Stockholm (HedgeNordic) – Japan-focused Sector Zen has confirmed its 43rd takeover bid within its long book after a consortium led by private equity firm Bain Capital agreed to buy all shares of Hitachi’s metals subsidiary, Hitachi Metals. In mid-December of last year, the Sector Zen team led by Trond Hermansen announced Idemitsu’s attempted acquisition of its 50 percent-owned listed subsidiary, Toa Oil, as Sector Zen’s 43rd takeover since inception. However, the takeover proposal was canceled after not getting sufficient acceptance among minority shareholders.
Steve Cohen Invites Staff To Enjoy A Little Sunshine After Their Next Violent Dressing Down (Deal Breaker)
“Sunny” is not a term one would probably use to describe Steve Cohen’s disposition. But even he cannot resist the siren call of the Sunshine State. Point72 Asset Management, a hedge fund founded by billionaire Steven A. Cohen, is moving into 9,000 square feet of space at Nuveen Real Estate’s 701 Brickell in Miami. That’s right: Two of Point72’s 14 offices will be in Florida (to say nothing of Cohen’s other office in Port St. Lucie), although 9,000 square feet isn’t quite an Icahn-level vote of confidence.
The Chief Executive Officer of Lions Gate Entertainment Class A (NYSE: LGF.A) is Selling Shares (Analyst Ratings)
Yesterday, the Chief Executive Officer of Lions Gate Entertainment Class A (LGF.A), Jon Henry Feltheimer, sold shares of LGF.A for $4.41M. Following Jon Henry Feltheimer’s last LGF.A Sell transaction on June 05, 2020, the stock climbed by 5.7%.
Sebi Imposes Rs 1 Cr Fine On Aptech Ltd For Violating Insider Trading Norms (Business World.in)
Sebi on Wednesday slapped a fine of Rs 1 crore on Aptech Ltd for violating insider trading norms back in 2016. An investigation was conducted by the regulator to ascertain whether there was any disclosure lapses and violation of PIT (Prohibition of Insider Trading) norms by Aptech during the period from August to September 2016. Aptech had made an announcement on September 7, 2016 saying that it has forayed into the pre-school segment.
Oak Street Health Inc (OSH) COO Geoffrey M Price Sold $14.5 million of Shares (Guru Focus)
COO of Oak Street Health Inc, Geoffrey M Price, sold 234,600 shares of OSH on 04/28/2021 at an average price of $61.88 a share. The total sale was $14.5 million.
Thursday 4/29 Insider Buying Report: ASB, BFST (Nasdaq.com)
At Associated Banc-Corp, a filing with the SEC revealed that on Tuesday, Director John F. Bergstrom purchased 29,500 shares of ASB, for a cost of $21.65 each, for a total investment of $638,663. So far Bergstrom is in the green, up about 3.2% on their buy based on today’s trading high of $22.34. Associated Banc-Corp is trading up about 2% on the day Thursday. And at Business First Bancshares, there was insider buying on Wednesday, by Director John P. Ducrest who purchased 4,550 shares for a cost of $23.93 each, for a trade totaling $108,882. Business First Bancshares is trading up about 2.5% on the day Thursday.
