Exit / M&A
Ares bids $2.50 a share for MaxiPARTS in $132M take-private
Truck parts group MaxiPARTS has drawn a conditional buyout approach from Ares and separately agreed to acquire a brake component supplier's assets for $11.2 million.
Investor
Ares
Private equity firm
Disclosed deals
Every published round Ares took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Portfolio
Companies Ares has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Funds
Fund closes reported for Ares, as distinct from the investments it has made.
Portfolio companies acquired
Companies Ares has backed that another company then bought. An exit for the holding, not a deal Ares did.
People
Coverage
Stories naming Ares. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
News
Private equity giant Ares hires MacCap for MaxiPARTS deal
Street Talk reports ASX-listed truck parts distributor MaxiPARTS has received a takeover approach from private equity firm Ares, which has appointed Macquarie Capital to advise on the potential deal.
Unnamed stage
$1.4m
Former Yancoal mine to be first test site for Australian gravity storage technology
Green Gravity will trial its gravity energy storage in a closed NSW coal mine under an MoU with Yancoal, with a pre-feasibility study due in 2023, after a May capital raise.