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Awayday Announces Strategic Investment by Ares Management and LightBay Capital

1. Ares Management invested in Awayday alongside LightBay Capital. 2. Details of the investment remain undisclosed.

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FAQ

Why Bullish?

Ares' investment signifies confidence in Awayday’s growth prospects, similar to past strategic partnerships that bolstered stock prices in similar sectors.

How important is it?

The investment underscores Ares' active role in the growth of vacation rental spaces, likely leading to positive market perceptions.

Why Short Term?

Immediate investor sentiment may improve due to the announcement, akin to other recent investments by Ares affecting short-term stock movements.

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LBCVTREXPE
DESTIN, Fla.--(BUSINESS WIRE)--Awayday (the “Company”), a leading full-service U.S. vacation rental property manager, today announced a strategic investment made by an Ares Management Private Equity fund (“Ares”). The existing financial sponsor, LightBay Capital (“LightBay”), a Los Angeles-based growth-focused private equity firm, fully realized its investment in Fund I and re-invested in the Company alongside Ares in Fund II. Terms of the investment were not disclosed. Awayday is a leading pro.

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