Ares Slashes Value of Three Clearlake-Owned Software Companies
Ares Management Corp. wrote down the value of loans to three Clearlake Capital Group-owned software businesses, as it warns of difficult conversations ahead with companies vulnerable to disruption from artificial...
By Davide Scigliuzzo, Laura Benitez · Bloomberg Markets
Ares Management Corp. wrote down the value of loans to three Clearlake Capital Group-owned software businesses, as it warns of difficult conversations ahead with companies vulnerable to disruption from artificial intelligence.