04:51 PM EDT, 08/09/2024 (MT Newswires) -- Ares Management ( ARES ) is considering acquiring industrial manufacturer Form Technologies, which is backed by Partners Group Holding, Blomberg reported, citing people familiar with the situation.

The investment firm is looking at financing the deal partly through a mix of preferred and common equity and is seeking a co-investor, sources told Bloomberg.

Jefferies Financial Group ( JEF ) is also reaching out to investors about a debt package to support its bid for Form, with a proposed $650 million term loan, the report said.

Form is exploring strategic options as about $900 million of its debt matures next year, Bloomberg reported.

Terms are still under discussion, and Ares might choose not to proceed with the deal, Bloomberg said.

Ares, Form and Partners Group declined Bloomberg's comment request, Jefferies didn't immediately respond.

Ares declined to comment to MT Newswires, while Form, Partners Group, and Jefferies didn't immediately respond.

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