Ares Management Fund, a leading global alternative investment manager with approximately $428 billion of assets under management, announced a strategic investment in Belo Medical Group in July 2024, according to a press release on the Ares Management website. The specific details of the investment were not disclosed in the provided source.
Established in 1990 by Dr. Vicki Belo, Belo Medical Group has pioneered the introduction of advanced aesthetic technologies in the Philippines, attracting renowned doctors and ensuring the availability of innovative, safe treatments. At present, Belo Medical Group has 14 locations across the Philippines.
“Our investment in Belo Medical Group is consistent with Ares’ strategy of partnering with market-leading growth businesses across the region,” said Carmina Mancenon-Wilson, Principal, Ares Asia. “Dr. Vicki Belo is a visionary entrepreneur who has built an established and growing business over the last three decades. We are excited to begin our work alongside Dr. Vicki, Dr. Hayden, and their terrific team of doctors and staff, and we believe that together we can drive Belo Medical Group’s next phase of growth.”
The partnership will enable Belo Medical Group to expand its reach and offerings, investing in cutting-edge technologies and developing new skincare products while maintaining its commitment to providing exceptional aesthetic services.
“With Ares’ track record in the health and beauty sector globally and prior work with founder-led businesses, I have full confidence that Ares is the right partner for Belo Medical Group as we embark on the next 30 years of our journey,” said Dr. Vicki Belo, Founder and Medical Director of Belo Medical Group.
Dr. Hayden Kho Jr., Managing Director of Belo Medical Group, added “We aim to make Belo’s treatments and technologies accessible to patients not only across the Philippines, but worldwide. With Ares’ advice and support, we believe we should be in an even stronger position to capture new opportunities that inspire our patients to live their best lives.”
(Editor’s Note: All quotes in this article are taken from the Ares Management press release issued in July 2024.)
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