Ares, Kayne Anderson End Merger Plan Amid Drop in Energy

Updated on
  • Private equity firms cancel $2.55 billion deal struck in July
  • Ares will invest $150 million in Kayne Anderson's energy funds

Ares Management LP and Kayne Anderson Capital Advisors canceled their plan to combine into one of the world’s biggest alternative-asset managers, saying they disagreed on how to do so as the slide in oil prices drives volatility in energy assets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.