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Ares Management Private Equity Fund to Acquire Farrow & Ball

LOS ANGELES & LONDON--(BUSINESS WIRE)--Ares Management, L.P. (NYSE:ARES) announced today that a fund managed by its Private Equity Group has acquired Farrow & Ball, a global leader in high quality paint and wallpaper, from European Capital Limited, a wholly-owned investment affiliate of American Capital, Ltd (NASDAQ:ACAS). Farrow & Ball’s senior management will retain a minority stake.