Ropes & Gray has advised Ares Management on the sale of its portfolio company Cordium - a leading provider of governance, risk and compliance services - to ACA Compliance Group, a US-headquartered leading provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity. The transaction is expected to close in the summer, subject to regulatory approvals. The financial terms of the transaction have not been disclosed.

The Ropes & Gray team was led by London-based private equity partner Kiran Sharma. Other members of the team included tax partner Brenda Coleman, private equity associates Laura Kayani, Phil Fogarty, Shona Ha and tax associate Andrew Douglas, all based in London.