Funds managed by the credit group of Ares Management closed approximately $5 billion in U.S. direct lending commitments across 54 transactions during the first quarter of 2022 and approximately $35 billion in direct lending commitments across 287 transactions in the last 12-month period ended March 31. This compares to the $3.6 billion in commitments closed on 45 transactions during the first quarter of 2021 and approximately $14.5 billion in commitments for 168 transactions in the twelve-month period ended March 31. Below is a description of selected transactions that Ares closed during the first quarter.
- 3E / New Mountain Capital_x000D_
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support New Mountain Capital’s acquisition of 3E. 3E is a global provider of data-driven intelligent compliance solutions in the environmental, health, safety and sustainability space. - AirX Climate Solutions / Catterton Partners_x000D_
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support the growth of AirX Climate Solutions (ACS). ACS provides highly engineered cooling and ventilation solutions serving mission-critical applications across a diverse set of end markets, including telecommunications, data centers, educational, residential and industrial and commercial markets. - Community Brands / Insight Partners_x000D_
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Insight Partner’s growth plans for Community Brands. Community Brands is a provider of cloud-based software and payment solutions for association, education and non-profit organizations. - Convera / The Baupost Group & Goldfinch Partners_x000D_
Ares served as the administrative agent for a senior secured credit facility to support The Baupost Group and Goldfinch Partners’ acquisition of Convera. Convera is one of the largest non-bank providers of cross-border business payment and foreign exchange solutions processing in the world. - Covaris / New Mountain Capital_x000D_
Ares served as of the administrative agent in a senior secured credit facility to support New Mountain Capital’s acquisition of Covaris. Covaris provides instruments, consumables and reagents associated with the pre-analytical sample preparation process. - Cranial Technologies / Eurazeo_x000D_
Ares served as the administrative agent, sole lead arranger and sole bookrunner for a senior secured credit facility to support Eurazeo’s acquisition of Cranial Technologies (CT). CT is a provider of custom helmet orthotics for patients diagnosed with plagiocephaly or brachycephaly. - High Street Insurance Partners / ABRY Partners_x000D_
Ares served as the administrative agent, sole lead arranger and sole bookrunner to support the growth of High Street Insurance Partners. High Street is a full-service independent insurance brokerage firm providing a broad array of business insurance and risk management, employee benefits and human capital management, financial & retirement services and personal insurance solutions. - The Mather Group / The Vistria Group_x000D_
Ares served as the administrative agent, sole lead arranger and sole bookrunner for a credit facility to support The Vistria Group’s acquisition of The Mather Group (TMG). TMG is an independent wealth management firm offering comprehensive services to a diverse group of clients including high net worth individuals, families, corporate retirement plans and other institutions. - New Era Cap / ACON Investments_x000D_
Ares served as the joint lead arranger and joint bookrunner for a senior secured credit facility in New Era Cap, a portfolio company of ACON Investments. New Era is one of the largest authentic licensed headwear and lifestyle brand in the U.S. and globally. - SageSure_x000D_
Ares served as the administrative agent for a senior secured credit facility to support SageSure’s strategic growth initiatives. SageSure is a leading managing general underwriter and insurance technology innovator specializing in coastal residential property markets.
