Ares closes $850 million single-asset continuation vehicle for Convergint Technologies

Reuters
Mar 03
Ares closes $850 million single-asset continuation vehicle for Convergint Technologies

Ares Management Corporation said an Ares Private Equity fund closed an approximately $850 million single-asset continuation vehicle for Convergint Technologies, led and fully underwritten by Leonard Green & Partners’ Sage Fund, with Vintage Strategies at Goldman Sachs Alternatives also investing. Ares added a new investment in Convergint and said Ares funds will continue to hold a shared control position alongside co-sponsors Leonard Green & Partners and Harvest Partners.

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