Ares Nears Buyout of Form Technologies With $1 Billion Financing
- Ares in talks to buy manufacturer from Partners Group
- Jefferies in early talks with investors on debt, equity deal
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Jefferies Financial Group Inc. is in early discussions with investors on a roughly $1 billion financing package to support Ares Management Corp.’s potential buyout of industrial manufacturer Form Technologies from Partners Group Holding AG, according to people with knowledge of the matter.
The financing is set to include a $650 million term loan and a $100 million revolver, along with $150 million of preferred equity and $125 million in common shares, said the people, who asked not to be identified discussing a private transaction. Proceeds will be used to refinance Form’s existing $633 million term loan at face value, the people added.