Funds managed by Ares Management have acquired Dobbies Garden Centres
Funds managed by Ares Management have acquired Dobbies Garden Centres and have committed to financially support the business.
A statement by the company said: “Ares’ funds have been lenders and shareholders since the business was acquired from Tesco in 2016. With the support of Ares’ funds, we will continue to execute on our strategy to drive the long-term growth of Dobbies.”
According to its website Ares Management is a "leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes."