Market Chatter: Ares Said in Talks to Finance Toscafund's Bid to Acquire Spire Healthcare

MT Newswires Live00:39

Ares Management (ARES) and Three Hills Capital are in talks to provide loans to Toscafund Asset Management to help finance its acquisition of Spire Healthcare Group, Bloomberg reported Wednesday, citing people with knowledge of the matter.

Toscafund is seeking financing worth about 1 billion pounds ($1.3 billion), the report said, citing the people.

Ares and Three Hills didn't immediately reply to requests for comment from MT Newswires.

(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.)

Price: 138.34, Change: -4.57, Percent Change: -3.20

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