This Lucite award commemorates the October 23, 2007 $700 million offering of floating rate notes of Ares XII CLO Ltd. from Ares Management. The deal was structured by the now defunct Lehman Brothers. This Lucite measures approx. 6"x 5" and is over 1" thick. Due to the highly reflective nature of the Lucite material, pictures tend to show even the most miniscule pieces of lint. These are not defects. Overall condition is great with minor rubbing on the surface material which does not take away from it's overall attractiveness. See other Lehman Brothers
memorabilia like this. ARES Management - Lehman Brothers Deal LuciteDimensions: 6" x 5" x 1"
Weight: 1lb. 4oz.
More about Lucite Awards: Lucite was developed by the DuPont Co. in 1931 for use in applications such as fighter airplane windshields. The product was later used by companies commemorating public offerings and M&A deals. Lucite awards were generally limited to executive officers, analysts, investment bankers, and clients making their numbers few (usually less than 50). After the meltdown of 2008, due to budget constraints and fewer deals to be commemorated, fewer Lucite’s are being produced making these a dying art form and a great collectible piece of history.