Funds managed by Ares Management’s credit group closed approximately $7.2 billion in commitments across 54 transactions during Q3/21 and approximately $27 billion in commitments across 244 transactions in the 12-month period ended Sept. 30. These results compare with the $2 billion in commitments closed across 31 transactions during Q3/20 and approximately $8.4 billion in commitments across 149 transactions in the 12-month period ended Sept. 30.
Transaction Highlights
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Alera Group’s merger with Propel Insurance. Alera Group is an independent insurance and financial services firm.
Ares led a senior secured credit facility to support a sponsors’ continued growth plans for Ardonagh, an an independent UK insurance intermediary with a set of capabilities across distribution, wholesale and underwriting services.
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Genstar’s acquisition of Arrowhead Engineered Products, a provider of non-discretionary, proprietary branded, aftermarket replacement parts for a variety of motorized vehicles and equipment.
Ares served as the administrative agent, lead arranger and lead bookrunner for a senior secured credit facility to support Abry Partners’ acquisition of High Street Insurance Partners, an independent insurance brokerage firm providing business insurance and risk management, employee benefits and human capital management, financial and retirement services and personal insurance solutions.
Ares served as the administrative agent for a senior secured credit facility to support the merger of Managed Markets Insight and Technology and Evaluate. The newly formed organization will become a pharma commercial intelligence provider and offer data solutions across the drug life cycle.
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Leonard Green & Partners’ acquisition of Sun Auto, a provider of automotive aftermarket maintenance, repair and tire replacement services.
Ares served as the administrative agent, sole lead arranger and sole lead bookrunner for a senior secured credit facility to support the growth of TurnPoint Services, a regional provider of non-discretionary plumbing and HVAC maintenance services to residential and commercial customers.
