Daily News: May 12, 2014

Ares Capital Closes $852MM in Q1/14 Financing Commitments


Ares Capital provided additional details on three of its financing commitments closed during the first quarter of 2014. Financing commitments made by Ares Capital totaled $852 million in the first quarter.

Below is a description of select transactions closed during the first quarter:

Global Healthcare Exchange / Thoma Bravo

Ares Capital served as lead arranger, administrative agent, collateral agent and bookrunner for a senior secured credit facility to support the acquisition of Global Healthcare Exchange, LLC by Thoma Bravo, LLC. Global Healthcare Exchange is a provider of on-demand supply chain automation solutions in the healthcare industry.

NAPA Management Services / Moelis Capital Partners

Ares Capital served as administrative agent, collateral agent, joint lead arranger and joint bookrunner for a senior secured credit facility in support of the acquisition of FOAA Anesthesia Services by NAPA Management Services Corporation, an existing portfolio company of Moelis Capital Partners. NAPA is the leading single specialty anesthesia and perioperative management company in the United States.

Shock Doctor / Bregal Partners

Ares Capital served as lead arranger, administrative agent and bookrunner for a senior secured credit facility to support the acquisition of Shock Doctor by Bregal Partners. Shock Doctor is a leading developer, marketer and distributor of sports protection equipment and accessories that stretch across sports and seasons.