Funds managed by Ares Management’s credit group closed approximately $9 billion in commitments across 77 transactions during Q2/21 and approximately $21.8 billion in commitments across 221 transactions in the 12-month period ended June 30, 2021. This compares with the $1.7 billion in commitments closed across 24 transactions during Q2/20 and approximately $12.3 billion in commitments across 174 transactions in the 12-month period ended June 30, 2020.
Transaction Highlights
Ares served as the administrative agent and sole lead arranger for a senior secured credit facility to support Kohlberg & Co.’s acquisition of DecoPac, which is a supplier of cake decorations and related products to professional cake decorators and bakeries.
Ares served as the administrative agent and lead arranger for a senior secured credit facility to support Global Healthcare Exchange’s (GHX) strategic plans. GHX is a provider of cloud-based technology and services used for supply chain management by healthcare providers and suppliers.
Ares served as the administrative agent, lead arranger and bookrunner for a senior secured credit facility and invested preferred and common equity to support Abry Partners’ acquisition of High Street Insurance Partners, which is an independent insurance brokerage firm.
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Insightful Sciences’ acquisition of Dotmatics. Insightful Science is a life sciences software company that digitally connects researchers to their ideas and data.
Ares served as joint lead arranger and joint bookrunner for a senior secured credit facility to support BayPine and TSG’s acquisition of Mavis, which is an independent tire dealer and automotive aftermarket service provider.
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Morgan Stanley Private Equity’s acquisition of Nivel Parts, which is a manufacturer and distributor of aftermarket parts for personal transportation vehicles, utility terrain vehicles and heavy-duty equipment.
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support a refinancing of Osmose’s indebtedness. Osmose is a provider of inspection, maintenance and restoration services to transmission and distribution infrastructure throughout the U.S.
