Ares Management, and funds managed by its Credit Group, closed approximately $8.3 billion in U.S. direct lending commitments across 50 transactions during the fourth quarter of 2022 and approximately $26.4 billion in direct lending commitments across 208 transactions in the last twelve-month period ended Dec. 31, 2022.
Selected transactions Ares closed during the fourth quarter include:
Avalara / Vista Equity Partners
Ares served as the joint lead arranger and joint bookrunner for a senior secured credit facility to support Vista Equity Partners’ acquisition of Avalara. Avalara is a leading provider of cloud-based, mission-critical sales & use tax compliance software across a variety of end markets and size tiers.
Community Veterinary Partners / OMERS Private Equity
Ares served as the administrative agent, sole lead arranger and sole bookrunner for an upsize to the senior secured credit facility to support OMERS Private Equity’s continued growth plans for Community Veterinary Partners.
Computer Services / Centerbridge Partners & Bridgeport Partners
Ares served as a joint lead arranger and joint bookrunner for a senior secured credit facility to support Centerbridge Partners and Bridgeport Partners’ joint acquisition of Computer Services.
Hanger / Patient Square Capital
Ares served as the administrative agent, sole lead arranger and sole bookrunner for a senior secured credit facility to support Patient Square Capital’s acquisition of Hanger.
Infinity Home Services / LightBay Capital and Freeman Spogli & Co.
Ares served as the administrative agent, lender, joint lead arranger and joint bookrunner for a senior secured credit facility to support LightBay and Freeman Spogli’s acquisition of Infinity Home Services.
Inszone Insurance Services / BHMS Investments
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support BHMS Investments’ continued growth plans for the Inszone Insurance Services.
Lipari Foods / Littlejohn & Co.
Ares served as a joint lead arranger and joint bookrunner for a new senior secured credit facility to support Littlejohn & Co.’s acquisition of Lipari Foods.
MacLean Power Systems / Centerbridge Partners
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Centerbridge Partners’ investment in MacLean Power Systems.
Nielsen / Elliott Investment Management & Brookfield Asset Management
Ares served as the administrative agent for a senior secured credit facility to support Elliott Investment Management L.P. and Brookfield Asset Management’s take-private acquisition of Nielsen Holdings.
Zendesk / Permira Advisers and Hellman & Friedman
Ares served as joint lead arranger for a senior secured credit facility to support Permira Advisors and Hellman & Friedman’s acquisition of Zendesk.
