Form Technologies announced that Ares Management (ARES) funds have acquired a majority of the company’s common equity. In connection with the transaction, Form Technologies has substantially deleveraged its balance sheet and received approximately $304M in new equity capital, comprising $154M of common equity from investors including Ares, the D. E. Shaw group and Onex Credit, as well as $150M of preferred equity from the D. E. Shaw group and Ripple Industries. The new capital is expected to support additional investment in Form Technologies’ operational capabilities and accelerate the company’s commercial strategy.
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