Ares Management (ARES) has completed a $350 million investment in MGT that values the technology and advisory services company at about $1.25 billion, MGT said Wednesday.
According to the company, Ares joins existing investors The Vistria Group, JPMorgan Chase's (JPM) J.P. Morgan and WhiteHorse Capital.
MGT said the investment comes as it progresses through a multi-year expansion plan that began after Vistria took a majority stake in 2023.
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