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Front Yard Residential Corp to be taken private in $2.4 bln deal

Credit: REUTERS/Jose Luis Gonzalez

Private equity firm Ares Management Corp and investment management firm Pretium have agreed to buy Front Yard Residential Corp in a deal valued at $2.4 billion, including debt, the U.S. rental homes owner said on Monday. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta) ((ankit.ajmera@thomsonreuters.com)) nL4N2HA30L

Oct 19 (Reuters) - Private equity firm Ares Management Corp ARES.N and investment management firm Pretium have agreed to buy Front Yard Residential Corp RESI.N in a deal valued at $2.4 billion, including debt, the U.S. rental homes owner said on Monday.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)

((ankit.ajmera@thomsonreuters.com))

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