Form Technologies Acquired by Ares Management

~$304 Million of New Equity Capital to Support Deleveraging and Accelerate Company's Strategic Growth Initiatives

CHARLOTTE, N.C., Jan. 21, 2025 /PRNewswire/ -- Form Technologies, Inc. ("Form Technologies" or the "Company"), a global leader in the production of precision-engineered components, today announced that Ares Management funds ("Ares") 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 $304 million in new equity capital, comprising $154 million of common equity from investors including Ares, the D. E. Shaw group and Onex Credit, as well as $150 million of preferred equity from the D. E. Shaw group and Ripple Industries. The new capital is expected to support additional investment in Form Technologies' leading operational capabilities and accelerate the Company's commercial strategy.

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