Merger Notification - Announcement according to § 10 Cartel Act
Ares Management Corporation; Precision Parent, LLC
BWB/Z-6764
On 12.11.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Ares Management Corporation, through certain of its affiliates managing or advising ASOF Holdings I, L.P., ASOF II Holdings I, L.P., ASOF II A (DE) Holdings I, L.P., and Ares Credit Strategies Insurance Dedicated Fund Series Interests of the SALI Multi-Series Fund, L.P., is expected to acquire approximately 78.9% of the equity in, and sole control of Precision Parent LLC.
ÖNACE Code: manufacture of metal products.
C - MANUFACTURING
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 10.12.2024.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 11.12.2024 .