Ares Management Corporation (NYSE:ARES) agreed to acquire an unknown majority stake in Redback Boot Company Pty. Limited from family in an estimated transaction valued at AUD 100 million on December 9, 2025. The valuation of AUD 100 million ($66.4 million) is based on industry speculation as reported by Bloomberg. The transaction is subject to customary conditions and is expected to close in the first quarter of 2026.

David Clee of Clifford Chance acted as legal advisor to Ares Management Corporation.