Ares Management is a leading global alternative asset manager focusing on credit, private equity and real estate.
Spire Healthcare has agreed to be taken private by Tulip UK, a group backed by Toscafund, THCP Advisory and Ares Management. The deal values Spire at about £1.03bn on a fully diluted basis and includes a plan for a year-long strategic review after completion. Chief executive Justin Ash will step down and be replaced temporarily by Sir David Sloman.
BT has agreed to acquire TalkTalk and its wholesale unit PXC on a debt‑free basis, costing about 400 million pounds. The move is framed as safeguarding 2.5 million TalkTalk customers and critical national infrastructure, while navigating an ongoing regulatory review after the deal was announced by BT and under government intervention. TalkTalk’s revenue stands at around 1.2 billion pounds last year, but the company has incurred losses and reduced its consumer base, now around 1.5 million retail customers.