Groupe Le Duff SA agreed to acquire Frial SA from Ares Management Corporation (NYSE:ARES) in November, 2021. Frial SA had a turnover in 2020 of €182m. Alantra France Corporate Finance SAS acted as financial advisor for Ares.

Groupe Le Duff SA completed the acquisition of Frial SA Ares Management Corporation (NYSE:ARES) on January 4, 2022.