Ares Closes $850 Million Single-Asset Continuation Vehicle for Convergint Led by Leonard Green & Partners

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ("Ares†), a leading global alternative investment manager, announced today that an Ares Private Equity fund has closed a single- asset continuation vehicle with approximately $850 million in total commitments for Convergint Technologies, L.P. ("Convergint†or the "Company†), a global leader in service-based systems integration. The transaction was led and fully underwritten by Leonard Green & Partners' ("LGP†) Sage Fund, whi. ...