Blackstone, Ares Provide $3.6 Billion for Park Place Buyout

Lenders including Blackstone Inc. and Ares Management Corp. are providing roughly $3.6 billion of private debt to help finance Warburg Pincus’ acquisition of Park Place Technologies, according to people with knowledge of the matter.

The private equity firm is merging Park Place, a data center services firm, with its existing portfolio company Service Express, according to a statement on Wednesday.