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Latham Advises on Ares Management’s Class A Common Stock Offering

June 17, 2024
A multidisciplinary team represented the underwriters in the global investment manager’s offering.

On June 14, 2024, Ares Management Corporation (NYSE: ARES) closed its underwritten public offering of 2,650,000 shares of Class A common stock, par value US$0.01 per share, of the company at a public offering price of US$134.75 per share of Class A common stock. In addition, Ares has granted to the underwriters of the offering an option to purchase up to an additional 397,500 shares of Class A common stock at the public offering price, less underwriting discounts and commissions.

Latham & Watkins LLP represented the underwriters in the offering with a corporate team led by Century City partner Lewis Kneib, with associates Devon MacLaughlin, Eric Finkelberg, Will Coughlin, and Steve Hess. Advice was provided on tax matters by Century City partner Ana O’Brien, with associate Joseph Marcus; and on FINRA matters by New York partner Gail Neely, with corporate attorney Marta Talarek.