Ares, Kayne Anderson End Merger Plan Amid Drop in EnergyBy
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.
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