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AKD advises ARES Capital on its exit from Aspria Group

July 2015

ARES Management LP’s real estate fund, which has been the major shareholder in Aspria Group for over 10 years, sold its interests in various Aspria entities.

Ares Management, L.P. (“Ares”) ( is a leading global alternative asset manager, listed on the New York Stock Exchange, with approximately $87 billion of assets under management ("AUM") and approximately 800 employees. Ares seeks to deliver attractive performance to its investor base across its investment groups and strategies, including tradable credit, direct lending, private equity and real estate. Through its participation in three Dutch holdings, while simultaneously providing substantial funding, Ares has been the majority shareholder of Aspria Group. Ares is held by ultimate parent  company ARES Capital Corporation.

Aspria Group ( is engaged in the development and exploitation of luxury family sports- and/or wellness clubs on various A-locations across Europe, whether or not in combination with hotel facilities. Over the past few years several Aspria clubs have been winners of important awards, such as the European Consumers Awards, #1 Club Operator Award  from GQ Germany, #1 Spa in Belgium by Elle Magazine. In addition, several clubs in Germany and Italy received the excellence award 'The World's finest spas’ from CondĂ© Nast Johansens.

The AKD team involved in this transaction consisted of Carlos Pita Cao, Laura de Jong and Angelique Martens. In this transaction AKD cooperated closely with the London based firm Rosenblatt Solicitors.

Aspria Group was advised by the British law firm Stevens & Bolton LLP, which is also based in London. Stevens & Bolton LLP closely cooperated with Kennedy Van der Laan N.V., which also acted as notary in this transaction.

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