Ares Management Sells Minority Stake in McLaren Racing to McLaren Group

Reuters
Sep 02
Ares Management Sells Minority Stake in McLaren Racing to McLaren Group

Ares Management Corporation has completed the sale of its minority equity stake in McLaren Racing to McLaren Group Limited. This transaction is part of Ares' strategy to return capital to its investors and strengthen its position within the sports investment sector. Ares had invested in McLaren Racing over four years ago to support its growth plans. The proceeds from this sale will further enhance Ares' portfolio management and value creation endeavors.

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