Ares Management (ARES) is leading a 300 million euro ($346 million) single-asset continuation fund for MCH Private Equity-owned Europastry, Bloomberg News reported Wednesday, citing a statement and people familiar with the matter.
The capital raise was organized by the investment firm's secondaries franchise and drew various investors, including the European Investment Fund-advised Asset Management Umbrella Fund and current supporter Newbury Bridgepoint, the report said.
Ares Management, Europastry, and MCH Private Equity did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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